Export Led Recovery

th3 s1aught3r

I keep hearing this phrase from politicians, that we will have an "Export Led Recovery"
May be this is a stupid question but what exactly are we exporting so much of and how many jobs will these 'exports' create in Ireland

De Dannan

I dont think even the politicians know what they mean when they say 'export led recovery'
I guess its exporting food products and software, pharma that we do
The trouble is a lot of the multinationals just touch things up here rather than make them yet they still go down as exports.
There may be 'some' job creation in the above sectors but nothing that would lead us to a recovery, so its just a soundbite that the politicians use imo

liammur

th3 s1aught3r wrote: »

I keep hearing this phrase from politicians, that we will have an "Export Led Recovery"
May be this is a stupid question but what exactly are we exporting so much of and how many jobs will these 'exports' create in Ireland

Without our exports we'd be completely sunk, the major problem with this strategy is: we are now totally dependent on the volatility of foreign markets, more so than any other country I know of.

manic mailman

th3 s1aught3r wrote: »

I keep hearing this phrase from politicians, that we will have an "Export Led Recovery"
May be this is a stupid question but what exactly are we exporting so much of and how many jobs will these 'exports' create in Ireland

When a word is used excessively it either means it's become a cliché or actually has actual meaning to it. In this case it's become a cliché that actually has some heft to it!

My understanding on it is that Ireland being an open economy is reliant on our exports and many politicians realize that it's probably our most realistic area where we'll perform well.

91011

th3 s1aught3r wrote: »

I keep hearing this phrase from politicians, that we will have an "Export Led Recovery"
May be this is a stupid question but what exactly are we exporting so much of and how many jobs will these 'exports' create in Ireland

The reason why an export led recovery is the best sort is we are not dependent on the local economy to buy the goods that are being exported. - This automatically gives a net benefit to a local economy as the profit & wages from making these goods gradually get into circulation.

Same with high paid research jobs - someone earning 80k will eat out more, buy more furniture, buy more clothes all of which eventually add jobs at the lower end of the scale.

De Dannan

Id like to see a breakdown of what we are exporting
If its items we are manufacturing here then thats good for jobs
If its stuff we are just signing off on that is made elsewhere then I dont see how its so good for us except it looks good for the figures

91011

De Dannan wrote: »

If its stuff we are just signing off on that is made elsewhere then I dont see how its so good for us except it looks good for the figures

you can't do that anymore.

Take for example Baby Formula - 13% of the world's baby formula needs are made here. This supports manufacturings jobs and also farmers as all the milk is from Irish cows.

Pharmacuticals - 9 of the world's top ten have manufacturing operations here.

Contact Lenses - huge number made here (westport & waterford)

Board games - Almost All Hasbro board games for euope & mid east are made here (waterford)

Subway & pizza hut - every piece of meat in every subway sandwich & pizza hut pizza sold in europe is made in naas.

Frozen pizzas - san marco & goodfellas and a host of own brand are made in Kidare & Longford.

Computer chips - One word Intel

Printer Inks - Hewlett Packard

Thermo King truck refridgeration units for world market - made in Galway

Specialist yarn for making airplane seats - Donegal

and thats just a few off the top of my head

HooterSnout

91011 wrote: »

Specialist yarn for making airplane seats - Donegal

Good money in this? :pac: Sorry, it's probably a good business and I'm ill informed but I'm just imagining Donegal farmer's wifes making the auld yarn for dem metal flying yokes.

Euroland

De Dannan wrote: »

Id like to see a breakdown of what we are exporting
If its items we are manufacturing here then thats good for jobs
If its stuff we are just signing off on that is made elsewhere then I dont see how its so good for us except it looks good for the figures

Around 55-60% of our exports are goods with the rest being services. The main export sector is pharmaceuticals/biotechnology/medical equipment/chemicals, followed by IT (both soft and hard), food/drinks, financial and IT services.

Taxi Drivers

De Dannan wrote: »

Id like to see a breakdown of what we are exporting
If its items we are manufacturing here then thats good for jobs
If its stuff we are just signing off on that is made elsewhere then I dont see how its so good for us except it looks good for the figures

Plenty of fascinating stuff here, though is heavy going at times.

http://economic-incentives.blogspot.com/search/label/Exports