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Plan targets global market success

  • 06-05-2005 10:45am
    #1
    ishmael whale
    Closed Accounts Posts: 1,028 ✭✭✭


    I can’t help feeling that what we do to encourage the growth of domestic companies generating value from R&D will determine the extent to which we manage to retain a reasonable level of prosperity.

    This necessarily raises questions like the attempting to target resources to gain some kind of significant international rating for at least some of our universities. However, if we continue with the mindset that leads to banging on about the Commission stopping grant aid to Intel, the world’s just going to move on and leave us behind.

    http://www.examiner.ie/pport/web/business/Full_Story/did-sgWaQB5XILcIg.asp
    05/05/05
    Plan targets global market success
    David Clerkin
    RADICAL plans to create a generation of big companies that can compete on the world stage were unveiled yesterday by state business development agency Enterprise Ireland.

    The agency said Ireland faced a reversal of the economic success of the last 10 years if it continued to rely on foreign investment to create jobs. The country could no longer offer a low-cost base to multinationals and needed to develop its own set of dynamic, homegrown companies.

    Enterprise Ireland chief executive Frank Ryan said Ireland needed a wake-up call and that there was no guarantee we would keep doing well. …..

    Mr Ryan said Ireland needed to become known as a first mover for technological developments and that R&D spending needed to be ramped up to achieve this.


Comments

  • #2
    DadaKopf
    Closed Accounts Posts: 4,731 ✭✭✭DadaKopf


    We need to greatly improve our innovative capacity and create domestic high-tech industries and services as soon as we can. I can't believe it's taken us so long to realise this problem.

    We already have a bad enough problem with capital outflow from companies offshoring here - GDP in 2004 was 5.7% while GNP in the same year was 5.1%, and the ESRI predicts it's going to get worse.

    We need to pile public money into our universities and encourage research in every area of the third level system, not just areas financially rewarding in the short-term. That means supporting more 'invisible' components of growth and development like social sciences and humanities R&D.


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