2. Country environments:
2.1. General information:
Size/area (in sq. km): 84,412 km² (32,591 sq mi)
Capital city: Dublin
Climate: Overall, Ireland has a mild, but changeable, Oceanic climate with few extremes
Population: slightly under six million (2006/7), with almost 4.25 million in the Republic of Ireland (1.7 million in Greater Dublin) and an estimated 1.75 million in Northern Ireland (0.6 million in Greater Belfast).
Racial: Caucasian
Ethnic groups: largely homogeneous, Irish, with English minority, Irish, Anglo-Irish, Ulster-Scots, others
Location of the country in the world: It lies to the northwest of Continental Europe. It is surrounded by hundreds of islands and islets. To the east of Ireland, separated by the Irish Sea, is the island of Great Britain.
2.2. Cultural environment:
Language- Irish (Gaeilge) is a Celtic language of the Goidelic branch spoken in Ireland
Religion (s): Roman Catholics (91.6 per cent); Protestants, the only significant religious minority (3 per cent); small communities of Jews (0.04 per cent), and 12,000-15,000 Muslims (0.4 per cent), many of whom are refugees.
2.3. Political environment:
Political system: identify and describe the political system and the political conditions in your country. Take place in a framework of a parliamentary representative democratic republic. The Uachtarán (President) is the head of state. The Taoiseach (Prime Minister) is the head of government, and of a pluriform multi-party system. Executive power is exercised by the government. Legislative power is vested in both the government and the Oireachtas the bicameral national parliament, which consists of Dáil Éireann and Seanad Éireann. The Judiciary is independent of the executive and the legislature. While there are a number of important political parties in the state, the political landscape is dominated by Fianna Fáil and Fine Gael, historically opposed and competing entities. The state is a member of the European Union.
The Term Paper on County Cork City Ireland Irish
... rule over the whole of Ireland. Despite political turmoil, the economy of Cork ... the town also expanded. The English government encouraged trade and development of ... 00 people emigrated from Ireland (over 6 million people left Ireland between 1845 and ... in Dagenham. Ford, Dunlop, Sunbeam Wolsey, Irish Steel and Vero lme Cork Dockyard ... It is estimated that 35 per cent of the population of Cork ...
A number of political parties are represented in the Dáil and coalition governments are common. Neither of the two largest parties, Fianna Fáil and Fine Gael, strongly identifies itself as either a left or right-wing group. The third largest party in the state is the centre-left Labour Party. Labour is joined on the left by the Green Party and on the far-left by Sinn Féin and the Socialist Party. The right is represented by the Progressive Democrats who are classical neo-liberals with regard to economic policy. Independent TDs (MPs) also play an important role in Irish politics.
2.4. Economic environment:
YearsGDP/GNPPopulationPer capita income
$ Million% growthIn million% growthGDP/Pop.% growth
199662,150.20————-3.63————17,121.26—————
199771,855.2915.63.671.119,579.0914.4
199985,232.1418.63.700.823,035.7117.6
1999119,405.6840.03.751.331,841.5138.2
2000142,380.2119.23.81.337,841.5117.6
2001159,006.0111.63.861.541,193.269.94
2002176,970.3811.23.930.945,030.639.31
2003189,211.686.913.991.547,421.475.30
2004200,961.416.204.072.049,376.264.12
2005219,473.909.24.141.753,013.019.31
3. Trade and foreign direct investment (provide tables and explain each):
3.1. Trade: Your country’s trade
ExportsImports
Products*Exports
($million)Exports
(%)Products*Imports
($million)Imports
(%)
AIRCRAFT, SPACECRAFT, AND PARTS
NUCLEAR REACTORS, BOILERS, MACHINERY ETC
OPTIC, PHOTO ETC, MEDIC OR SURGICAL INSTRMENTS
The Essay on School Budget Million Rate Dollars
When examining an issue it is essential that you look only at the facts and not let your opinion get in the way of what is known to be truth. Such is the case in the school budget issue, both groups clearly have their own ideas of what is right for the school and it is my job as a city council member to examine the facts and the different viewpoints to garner my own opinion. There are two sides of ...
ELECTRIC MACHINERY ETC; SOUND EQUIP; TV EQUIP
PHARMACEUTICAL PRODUCTS
All Others
2,227,220, 035
1,846,848,237
1,693,265,604
936,554,032
687,639,909
9,335,338,29424.4
19.8
18.1
10
27.7
7.4MINERAL FUEL, OIL ETC.; BITUMIN SUBST; MINERAL WAX
NUCLEAR REACTORS, BOILERS, MACHINERY ETC.; PARTS
ELECTRIC MACHINERY ETC; SOUND EQUIP; TV EQUIP; PTS
VEHICLES, EXCEPT RAILWAY OR TRAMWAY, AND PARTS ETC
All Others286,412,064,033
228,801,630,915
207,477,605,184
199,805,856,908
754,443,217,91217.1
13.3
12.4
12
45.2
Total9,335,338,294100Total1,670,940,374,952100
YearsExportsImportsTrade Balance
19963,668.84,803.8-1,135.0
19974,642.25,866.7-1,224.5
19985,646.88,400.8-2,754.0
19996,383.410,994.5-4,611.1
20007,713.316,463.4-8,750.1
20017,7144.018,499.4-11,355.4
20026,745.022,437.6-15,692.6
20037,695.725,746.5-18,050.9
20048,167.227,447.9-19,280.7
20059,335.728,733.1-19,397.4
3.2. FDI: FDI in your country
YearsFDI ($million)FDI growth (in %)
19962,617,482,740——-
19972,712,073,0531.036
19988,579,309,1303.163
199918,217,719,4002.124
200025,843,251,6001.418
20019,659,046,0000.3736
200224,486,312,0002.535
200325,497,248,0001.041
20049,119,544,2000.3577
4. Monetary environment (tables with explanation):
4.1. Inflation: Your country’s inflation rates
YearsInflation rates (in %)
19961.6
19971.5
19982.1
19991.6
20005.6
20014.9
20024.7
20033.5
20042.2
20052.5
4.2. Exchange rates: Your country’s exchange rates
YearsExchange rates
1996$1 =0.6248
1997$1 =0.6588
1998$1 =0.7014
1999$1 =0.9374
2000$1 =0.9865
2001$1 =1.0620
2002$1 =1.12184
2003$1 =0.95256
2004$1 =0.79515
2005$1 = 0.73725
5. Country evaluation:
5.1. Overall assessment:
Make an assessment of how your country is doing. Your assessment should be based on what you have said in points 2, 3 and 4. Remember, in points 2, 3 & 4, you are asked to only provided information, without taking position. In point 5, you have a chance to say what you think.
Concept Of The Product Cycle For Business Planning And Budgeting
The product cycle concept states that all products have a life span. Since the desirability and sales of a product changes at different stages of a product’s life, product concept and strategy always need constant revision. Product cycle can apply to both a category of a product or a brand and underlines most business planning models because of sales and profitability. It has a number of ...
5.2. Country attractiveness:
Yes, given the close economic, political, and cultural relations that exist between Ireland and the United States, business opportunities for U.S. companies are broad based and easily accomplished. In general, Irish business executives are less formal than their European counterparts and the use of first names at an early stage of a business relationship is acceptable. Friendship and mutual trust are highly valued and once an American has earned this trust, a productive working relationship can usually be expected. However, principles of customary business courtesy, especially replying promptly to sales orders and requests for price quotations, are a prerequisite for success and should be practiced.
6. US MNE’s investment in your country (let’s call the US MNE “Beta, Corp.”):
6.1. Investment choice:
Choose one industry in which Beta, Inc. should invest (explain).
I choose this investment for Beta because Ireland is the world’s major medical technology companies have helped to make Ireland Europe’s leading location for medical device manufacture. The principal product categories covered within Ireland include interventional products; diagnostics; medical equipment; dental, vision and hearing products; orthopedics; disposables; and support products and services. This has increased in sophistication and complexity over the past decade, as suppliers have become more closely involved in the product development efforts of their customers. Their range of activities includes the provision of sterilization services, tool making, injection molding, contract manufacturing, sub-assembly and print and packaging. Management buyout activity has also started to take place within the supply chain, so that an increasing proportion of it is now held by Irish investors.
6.3. Opportunities and risks: Identify Beta, Inc.’s opportunities and risks in your country
The one risk in investing with Ireland would be the currency. The U.S dollar is only equal to 0.73725 cents.
