Ireland by Stephanie Winter History, Language and Geography • Ireland was founded December 29, 1937. • Irelands' GPD was around 12% in 2022 and supposed to be around 4% in 2024. • In Ireland they speak Gaelic and English. • Ireland is on the Western side of Europe and is an island. Globalization • "Ireland has a parliamentary democratic government, which means people for for people to become a part of a parliament. These people then make the laws. The people in the parliament will vote by majority on the laws that are made, they are signed of by someone higher up, however that person does not have any veto against the laws" • Trading is a very big part of Irelands international business. Political/Legal Landscape • Ireland is parliamentary democratic government meaning that the people make the laws. The laws are voted on by majority by parliament and signed. • Ireland is a part of the Security Council which had veto power over 5 countries. Economic Development & Trends, Development Index • Ireland ranked 8 on the HDI which is higher than the US • Ireland ranked #3 in economic freedom • I think the economy is established, but there is always room for improvement. Culture and Religion Ireland is predominantly Roman Catholic. In Ireland they hold a wake when someone dies. They tell stories, drink and smoke near the deceased. They believe that death should be celebrated. Ethical Considerations, Corruptions Ireland has a CPI score of 77/100 and ranked 10/180. They have good labor laws with whistleblower protection, 8 different work permits, mediation, unfair dismisal, and business takeovers. International trade and FDI Ireland is a part of the EFTA, WTO, and the EU free trade agreement. They get lower tariffs when trading in the EU Irelands' attitude for FDI ids good. They have good trading habits. They are in the top 10 locations for FDI Religional Economic Integration Ireland is a political tradition union. They are part of the EU trade agreement which economically is very good for them. Foreign Exchange Market The PPP for Ireland is good because they have a good GDP with the value at 102,496 They have a decent time with the language barrier because they speak english. Currency & Controls In Ireland they switched from using the Irish pound to using Euros in 2002. This is good for them now because they have more places that they can do business with and not have to worry about the rates changing. Ease of Doing Business The ease of doing business is good because they have a good trade agreement, good labor laws, and good job diversity. Key Exports & Imports Irelands key exports are dairy and meat Ireland imports chemicals, computers and pharmaceuticals Production & Supply Chain Since they mostly export meat and dairy their productions revolve a lot around that. This means that there is a lot of land with cows. Covid effected Irelands production as it did most of the world because exports and imports were halted or slowed. Marketing & Advertising Ireland spent around 1,233.6 on advertising in 2022. Marketing and Advertising is very popular and effective in Ireland. HR Management Expat manager should know the language of the country they will be working with. There are a lot of different staffing approaches, but I like the Ethnocentric approach to staffing approach. Current Events and Fun Facts Ireland has a phenomena in the land called Giants' Causeway. It is basalt that has naturally formed into perfect hexagons. They called it Giants' Causeway because there was a lore that the basalts could have been carved by Giants This Photo by Unknown author is licensed under CC BY-NC-ND. references • • • • • • • • • • • • • • • • https://mssu.yellowdig.app/community/63d45298-f6f7-14e2-c5cd-4dcb9a5ce284?postId=257496827618967967 http://hdr.undp.org/en/content/human-development-index-hdi https://www.heritage.org/index/ranking https://mssu.yellowdig.app/community/63d45298-f6f7-14e2-c5cd-4dcb9a5ce284?postId=257496827631027098 https://mssu.yellowdig.app/community/63d45298-f6f7-14e2-c5cd-4dcb9a5ce284?postId=257496827618967967 https://www.educationinireland.com/en/Living-in-Ireland/BeforeArrival/Religion/#:~:text=Although%20predominantly%20Roman%20Catholic%2C%20Ireland,make%2Dup%20of%20the%20country. https://www.ireland.com/en-us/help-and-advice/practical-information/languages-of-ireland/ https://www.ducksters.com/geography/country/ireland_history_timeline.php https://kids.nationalgeographic.com/geography/countries/article/ireland#:~:text=use%20is%20prohibited.,Ireland%20is%20an%20island%20nation%20on%20the%20westernmost%20edge%20of,part%20of%20the%20United%20Kingdom. https://economy-finance.ec.europa.eu/economic-surveillance-eu-economies/ireland/economic-forecast-ireland_en https://www.transparency.org/en/cpi/2022/index/irl https://www.citizensinformation.ie/en/employment/employment_rights_and_conditions/employment_rights_and_duties/employment_law_update.html https://mssu.yellowdig.app/community/63d45298-f6f7-14e2-c5cd-4dcb9a5ce284?postId=257496827640274333 https://www.ey.com/en_ie/economics/how-irelands-attractiveness-is-bolstering-fdi-performance https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.KD?end=2021&locations=IE&start=1990&view=chart https://mssu.yellowdig.app/community/63d45298-f6f7-14e2-c5cd-4dcb9a5ce284?postId=257496827664950840
