Time to retune Ireland Inc’s growth engine
The American Chamber of Commerce has published a strategic paper on creating an innovation and commercialisation base in Ireland. Entitled “Retuning the Growth Engine“, the paper sets out a blueprint for co-operation between the Irish government, Irish business and the base of US multinationals in this country in order to build an innovation base to underpin Ireland’s future sustainable growth. Last Monday the Irish Times provides a nice editorial from Jim O’ Hara, president of the American Chamber of Commerce Ireland, who believes the time is right for a new type of partnership between “Ireland Inc”, the Government, and the US multinational companies which have together and enjoyed such successful working relationships to date here in Ireland. Retuning the Growth Engine, sets out the American Chamber’s blueprint for this future success.
The aim is to create a “virtuous circle” built on positive action in five key areas: education, research, convergence, commercialisation and fiscal policy.This will not only help us retain the existing base of overseas companies located here but assist in attracting the next wave. US companies here are ready and willing to play their part with Government and all other stakeholders in meeting the challenges which face us and helping to create the conditions which will maintain Ireland’s economic success into the future.
This paper makes for very interesting reading in terms of America’s influence in our past economic success, problems with respect to eroding competitiveness, and how we can strategically position ourselves for future economic progress through sustaining important relationships with existing and new US companies willing to operate out of “Ireland Inc”.
