Leaving Certificate Geography: Economic Elective Students must study Developed Economies as part of the Economic Elective. Financial Services in Ireland is a Case Study of a Developed Economy. Past Exam Question: Examine the development of services in a developed economy that you have studied. (30 marks)

1. Developed Economies
Case Study:
Financial Services in Ireland

2. What are Financial Services?
Business such as:
–Insurance
–Banking
–Credit Card Services
–Pensions
–Investment Fund Management
–Aircraft Leasing

3. Financial
Services
• The financial services sector grew rapidly in
Ireland during the ‘Celtic Tiger’ economic boom
years up to 2008.
• Tens of thousands of people continue to work in
the sector today.
• Most are concentrated in large urban areas such
as Cork, Galway and Dublin.

4. Financial Services are important to Ireland.
In Ireland, these services:
• Employ around 32,000 people.
• Account for 7.4% of Irish GDP.
• Account for 10% of multinational
employment.
• The selling of financial services contributes
€2.1 billion tax annually (including 36% of
total corporation tax take).

5. Physical factor attracting financial
services to Ireland:
• Ireland’s geographical location between
American and Asian countries.

6. Human factors attracting financial
services to Ireland:
• Government Policy
• The labour force
• Communications Infrastructure
• Membership of the EU

7. Higher Level 2011 Q9 B
• Examine the development of services in a
developed economy that you have
studied. (30 marks)
• Marking Scheme:
–Named developed economy = 2 marks
–Named example of service = 2 marks
–Examination = 13 x SRPs