Pest-Ireland

Author Hill, Charles W. L

Title National differences in political economy / Charles W.L. Hill

Published Boston, Mass., ; London : McGraw-Hill/Irwin, 2007

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View or Print: National differences in political economy pp. 42-63

View or Print: National differences in political economy pp. 64-86

Phys Descr Electronic article

Notes Article from "International business : competing in the global marketplace / Charles W.L. Hill", 6th ed., Chapter 2, 2007, pp. 42-86

File size : pp. 42-63 716.59 KB ; pp. 64-86 848.71 KB

ISBN/ISSN 0071106715

Pest Analysis: Entertainment business in the Republic of Ireland

Political environment:

The Republic of Ireland is considered a stable government, as the system is a parliamentary one.

The head of state is elected for seven years and can only once be reelected.

People have become used to a coalition of parties to form a government as there has not been a single -party government since 1989.

The current government form is a coalition of three parties.

Economical environment:

The economy of Ireland has been through a transformation the last couple of years and has evolved from an agricultural focused economy to a recent knowledge economy.

The mentioned knowledge economy is now mainly based on services and high-tech industries, constrained on trade, investment and industry.

The economy growth averaged, according to research taken, a 10% from 1995-2000, and 7% from 2001-2004, an development which leads to the conclusion that industry, which accounts for 46% of the GDP (splitted in 80% of exports and 29% of labor force) now takes the place of the agricultural industry as the leading economic force.

Furthermore there has been a significant rise in consumer spending habits, business investment and last but not least construction.

Ireland is considered the largest exporter of services in the world.

Though it is worth mentioning that the IRA is still present to some point as the Sinn Fein party has its place in the current government, which gives the fear of terrorism a new importance.

Ireland joined the European Union in 1973,which is definitely favorable for