Innovation of a Nation - Ireland


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Innovation of a Nation - Ireland

  1. 1. Story of Ireland & Lessons We Can Learn? Wesley Shu National Central University
  2. 2. Ireland
  3. 4. Demography & History <ul><li>Population: 4.2 millions </li></ul><ul><li>84,412  sq. km. (the island) </li></ul><ul><li>End of 17th century: British occupation </li></ul><ul><li>Catholic </li></ul><ul><li>Population declined since early 19 century until late 20th </li></ul><ul><li>1949: Republic of Ireland </li></ul><ul><li>Enya, U2, River Dance </li></ul>
  4. 5. Recent Changes <ul><li>1987 GDP/Capita 69% of EU; 2003, 136% , better than UK </li></ul><ul><li>Unemployment : 17% in 1987 , 4% in 2003 </li></ul><ul><li>government debt : 112% of GDP to 33% </li></ul><ul><li>(OECD) Information Technology Outlook 2000, Ireland is the largest exporter of software goods in the world </li></ul>
  5. 6. Stagnated in 60s – 80s <ul><li>At independence in 1922, Ireland was as rich as most European countries, and only a bit poorer than Britain. But by 1960 it had fallen far behind, and continued to lag the rest of Europe until the late 1980s. </li></ul>
  6. 7. Causes of Stagnation <ul><li>Brain Drain – emigration </li></ul><ul><li>Political tension </li></ul><ul><li>the main Irish IT companies were a small number of component suppliers and a small indigenous software sector developing applications mainly for Irish and British markets </li></ul>
  7. 8. Causes of Stagnation <ul><li>Economic Nationalism by de Valera elected PM 1932: high tariff, twice as US, 50% higher than UK </li></ul>
  8. 9. Who is de Valera <ul><li>1916 Easter rising, the only survival (de Valera is American by nationality) </li></ul><ul><li>1917 Sinn Fein </li></ul><ul><li>Anti-treaty (1921/12/6 Anglo-Irish Treaty </li></ul><ul><li>President 1959 – 1973 </li></ul><ul><li>Died 1975, age 92 </li></ul>
  9. 10. Government Still Did Things to Boost the Economy <ul><li>I ndustrialization-by-invitation since the late 1950s – welcome FDI </li></ul><ul><li>D eveloping indigenous resources and organizations </li></ul><ul><li>15-year full tax exemption on export sales for companies that located in Ireland between 1960 and 1981 </li></ul><ul><li>National Institutes of Higher Education & Regional Technical College System </li></ul>
  10. 11. Government Still Did Things to Boost the Economy <ul><li>L inkages between multinationals and local companies, to grow local firms through marketing support and management development, and to encourage R&D and innovation – National system of innovation </li></ul><ul><li>However, the policy focus remained to attract foreign investment . </li></ul><ul><li>Heavy investment in education and telecommunication </li></ul>
  11. 12. Endowment <ul><li>low-cost, English-speaking workforce </li></ul><ul><li>Culture </li></ul><ul><li>mystery </li></ul>
  12. 13. From Late 80s & Early 90s <ul><li>U nification of the European market </li></ul><ul><li>B oom in IT industries </li></ul><ul><li>G rowing executive awareness of the potential of international markets </li></ul><ul><li>Improving public finances </li></ul><ul><li>S ocial partnership agreements </li></ul>
  13. 14. Achievement <ul><li>40% of U.S. electronics investment in Europe since 1988 </li></ul><ul><li>Dell, Gateway and AST Research </li></ul><ul><li>HP, Keytronic, and Seagate </li></ul><ul><li>3Com and Motorola </li></ul><ul><li>Forty percent of Europe's packaged software is now supplied from Ireland </li></ul><ul><li>ICL, Ericsson, IBM, and Digital carry out software development. </li></ul>
  14. 15. Opportunity <ul><li>If Ireland can marry its technical strengths in software with the design and creative skills of its writers, artists, animators, and film makers, it may have a bright future in multimedia. </li></ul><ul><li>commercial opportunities provided by outsourcing of manufacturing and logistics as a springboard toward a more independent and technically sophisticated business </li></ul>
  15. 16. Reasons for Success <ul><li>More people working, especially women </li></ul><ul><li>Less aging population due to emigration in 50s </li></ul><ul><li>Low personal taxes </li></ul><ul><li>Education </li></ul><ul><li>Foreign Direct Investment: low costs and zero corporate-tax rates – drew high-margin companies, e.g., pharmaceutical </li></ul>
  16. 17. Reasons for Success <ul><li>European single market: low cost exporting & more open access </li></ul><ul><li>European Union subsidie s </li></ul><ul><li>Public awareness of the dismal economic condition </li></ul><ul><li>IDA to lure target companies </li></ul>
  17. 18. Reasons for Success <ul><li>Cultural endowment </li></ul><ul><li>Transform geographic disadvantage into advantage – e.g., Ireland between two continents, Sweden’s Ice Hotel </li></ul><ul><li>Artistic work becomes international recognition </li></ul><ul><li>International factors into artistic work – cf. The Wind That Shakes the Barley vs. Mr. YANG Shunqing’s movies </li></ul><ul><ul><li>Human’s general feeling </li></ul></ul><ul><ul><li>International cooperation </li></ul></ul>
  18. 19. Experience Economy <ul><li>Not only marketing campaign, but the product itself! </li></ul><ul><li>Content reign </li></ul>