November 2005, Published in Dutch ï The Creative Economy: challenges and opportunities for the DC-regions, Isabelle De Voldere, Eva Janssens, Jonas Onkelinx and Leo Sleuwaegen, April 2006, Published in English ï Spelers uit de
the relevance of the experience economy for innovating SMES...22 2. 4. Different ways SMES can create value...
We also focus on the role of the experience economy as one way to create value.
the relevance of the experience economy for innovating SMES New offerings can create value for customers in different ways.
In today†s service economy, many SMES wrap additional services around their products to increase customer value in exchange for a premium price.
and scope economies become the dominant driver to gain and sustain competitive advantages. As the next examples will show,
First, SMES create the majority of the jobs in these industries in Western economies. Moreover, globalization and commoditization threaten many jobs
A discovery driven approach, Long Range Planning, 43,247-261.20 Pine, B. G. and Gilmore, J. H. 2011), The experience economy, Harvard Business Review
Pine, B. G. and Gilmore, J. H. 1998), Welcome to the experience economy, Harvard Business Review, July-August, 97-105;
they can be found across all sectors of the economy in Ireland and Northern ireland, that innovation activity is not dependent upon the presence of R&d staff
and that firms of all sizes and in all sectors of the economy can be innovative.
The new understanding of innovation in the knowledge-based economy is that commercially significant innovations are much more likely to emerge where businesses interact
and thrive while still helping support the rest of the SME population who are the bedrock of the economy.
and entrepreneur-based economy. It is characterised by the interactions that take place between actors in the ecosystem to facilitate innovation.
Northern ireland knowledge economy baseline report 2011 (2011). 12 An innovation ecosystem exists to support an innovation and entrepreneur-based economy.
and has all the constituent parts required to enable an innovation-and entrepreneur-based economy in place,
CLEARING UP THE CONFUSION To listen to many economists, pundits and policymak-ers discuss the economics of growth it would be easy to be confused by the commonly used terms:
COMPETITIVENESS With the increased globalization of the economy, the term competitiveness has become ubiquitous. But what does it actually mean?
For example, a printing firm in Michigan that sells printed material to customers across the United states would be traded a firm from the perspective of the Michigan economy,
but a non-traded firm from the perspective of the U s. economy. In contrast, a software firm in Washington that sells software throughout the world would be traded a firm from the state and national perspective.
the term â€oeregion†shall refer to both national and subnational economies). But how do we define health?
but fails to control for the size of a region†s traded sector economy, i e. the larger the economy the larger the impact of the value added on competitiveness.
In addition, if a region has vastly more imports even if its traded sectors are producing a large amount,
its economy is not holding its own when it comes to competitiveness. But focusing on trade deficits alone fails to account for the fact that a region might run a surplus
suppressed wages in If you listen to many economists, pundits and policymakers, it is easy to be confused by the commonly used terms:
but many of its trading partners run surpluses by means of massive â€oediscounting†and import blocking means that we cannot determine with certainty that the U s. economy is uncompetitive.
and Sweden would be on a list of competitive economies (they run trade surpluses while also having relatively high wages and limited discounts).
and the United states (too large a trade deficit even when accounting for foreign subsidies) would likely not make the list of competitive economies.
A COMPETITIVE ECONOMY IS ONE WITH A TRADE SURPLUS, FEW BARRIERS TO IMPORTS, AND LIMITED â€oediscounts†TO EXPORTERS.
it†s important to understand that economies have three ways to grow over the medium and long term:
when a region†s productivity increases not by higher productivity industry sectors becoming a larger share of the economy,
The answer depends in part on the size of the economy and to a lesser degree on the type of sector.
The larger the economy, the more important the growth effect is since relatively lower shares of large economies†output are traded in sectors.
Yet, it would be a mistake to conclude that economies can ignore innovation or competitiveness.
The Race for Global Advantage, a weak traded sector can have spillover effects on the overall economy,
In fact, this competitive weakness explains many of the current problems faced by the U s. and European economies.
and STEM education) that can spur more innovation in all three major sectors of an economy (for profit,
and functions in an economy to determine the barriers to growth and the policies that can promote both the growth and shift effects.
global economy nations need to develop three distinct strategies: one for success in innovation, one for international competitiveness and one for productivity.
The Race for Global Advantage (Yale university Press, 2012) and The Past and Future of America†s Economy:
and far too much unproductive wastefulness in our current economy to sweep away our current situation as being mere victims of the bloated wrongdoings of previous regimes.
Entrepreneurship is a fundamental driving force in any economy, but in light of the scale of the unemployment challenge that Ireland is currently facing,
it is also the number one producer of jobs in all leading developed economies in the world.
Success in an economy is something that requires 10,000 entrepreneurial leaders, each of whom is willing to take risks
and their teams that we will grow our economy. This battle will not be led by government, by one person or by a handful of great industrialists.
With English now the primary language of today†s world economy, learning a programming language has arguably become more important than learning a second spoken language.
SFI and the IRC have recognised increasingly that commercialisation is one of the highest and most noble ways for this research to have impact on the lives of The irish citizen and on the economy as a whole. 30.
We believe that formalising a programme to enable youth to develop work skills would benefit youth, employers and the economy as a whole.
as well as allowing Irish companies greater access to the Chinese economy, would promote these links. Enabling more immigrants to start-38-32 Kaufmann Foundation,
because the entire economy depended on three local banks. That is a mistake we will be paying off for generations. 56.
and also covered some long-term issues to support an entrepreneurial spirit in the economy. The key short term recommendations were:
as that results in a †black hole†economy, an economy that sucks out its most successful participants.
Governments everywhere try to encourage people to reinvest their earnings into the economy. A progressive policy with respect to entrepreneurship sets tax rates on invested capital at a more favorable rate (Capital gains tax) than income from PAYE employment, interest, dividends and other sources.
The benefit of having a low flat tax rate that everyone pays would eliminate the tax arbitrage that plagues several developed economies like Ireland.
and results in a dying economy. 67. A flat tax on all types of income at 15-20%would be a fantastic way of attracting corporations, immigrant entrepreneurs,
Migration and Diversity (2012) Live Register (2013) Danish Government Reports Denmark in the Global economy, Competitiveness Report (2010) Strategy for Denmark in the Global economy, Progress Innovation & Cohesion
s Reports (2007) Towards Developing an Entrepreneurship Policy for Ireland (2007) Mapping of Initiatives to Support Entrepreneurship in Ireland (2009) The role of Phds in the Smart Economy (2012) Evaluation
a Joint Cities 2020 and Knowledge Economy Programme Report. Work Foundation. Lundstrom, A. 2011) Entrepreneurship and SME Policies across Europe Organisation for Economic Co-Operation and Development Reports Entrepreneurship at a Glance (2013) Education at a Glance (2011) Entrepreneurship Review
and skills have been fostered in all areas of the economy, and played no small part in building our economic recovery.
and wellbeing of any thriving economy and will be central to Ireland†s continuing recovery. Historically, two thirds of new jobs in Ireland have been created by companies in their first five years2.
Ireland can double the jobs impact of startups on our economy if we: 1. Increase the number of startups by 25%(3, 000 more startups per annum) 2. Increase the survival rate in the first five years by 25%(1, 800 more survivors per annum) 3
GEDI †2014 The 2014 GEDI identifies America as the most enterprising large economy. The EU comes second,
despite having one of the world†s most vibrant high-tech economies. Hong kong comes 35th, despite being one of the largest business centres in Asia.
Factor-driven economies need to focus on entrepreneurial attitudes, to stimulate initial activity and subsequently begin the process of enabling entrepreneurial aspirations.
The focus of efficiency-driven economies, however, should be squarely on promoting entrepreneurial activity. However, here too, it is important to continue efforts to improve attitudes towards entrepreneurship
Ireland†s entrepreneurial profile is that of an innovation-driven economy. The innovation-driven stage is biased towards high value added industries in which entrepreneurial activity is important.
In innovation-driven economies the key focus should be on aspirations-the newness of the product and of technology, internationalisation,
Autio & Szerb 2012 National Policy Statement on Entrepreneurship in Ireland 19 GEDI Level of Development Attitudes Activity Aspirations Factor Driven Economy Key Focus
Develop Start Enabling Efficiency Driven Economy Continuous Improvement Key Focus Develop Innovation Driven Economy Continuous Improvement Continuous Improvement Key Focus The implied key
For an innovation driven economy, opportunity perception potential is a prerequisite to recognising and exploring novel business opportunities.
The Commission for the Economic Development of Rural areas (CEDRA) report, Energising Ireland†s Rural Economy, published in April 2014,
The new system will be developed for the retail sector in the first instance and subsequently rolled out to other sectors of the economy.
It also brings benefits to the economy by supporting business growth and market competition, thereby generating wealth
In many cases the lack of a first reference sale or credit history are key barriers to accessing bank finance. 4. 1 Access to bank lending Banks will need to engage more deeply with individual sectors of the economy
and their teams that we will grow our economy. This battle will not be led by government, by one person or by a handful of great industrialists.
a small domestic market in one of the most open economies in the world. Trade, tourism and investment are crucial to future prosperity.
Startup and smaller businesses operating in the domestic economy need to be encouraged to access a wider market
including encouraging an innovative and enterprising economy, creating high-value jobs, attracting, developing and nurturing business, scientists and talented people,
and one of the most open economies in the world, trade is crucial to our economic growth.
which is a public service for use by policy makers, corporate research leaders, researchers, educators, and economists.
This perspective is based on assumptions about the economy, and on indications that our leaders in Washington may be able to find common ground on the value of R&d investment.
The 2013 slowdown was due primarily to unsettled European and U s. economies that, in turn, affected global performance.
This rate of growth is expected to continue through the end of the decade as China strives to transition from a manufacturing economy to being â€oeinnovation-driven†by 2020.
Small Increase in 2014 In the current economy, R&d jobs are multiplied 3. 2x Projected U s. R&d spending of $465 billion will directly employ over 2. 7 million U s. residents
an additional 6 million U s. jobs will be supported. 2 R&d spending is amplified 2. 9x As R&d spending ripples through the U s. economy,
-and long-term return to the economy. •Concern about maintaining U s. innovation-based competitiveness at a time
industry investment in R&d as a whole was flat in 2013 due to the slow global economy, continued rationalization of R&d activi-ties in selected industries and the private-sector impact of federal
that industrial R&d spending is correlated with the current economy and the stability of its outlook.
and is correlated with the business cycle and economy rather than government actions. As a group, the nation†s research universities are the second largest performer of U s. R&d, accounting for 13%of the U s. total,
Globalization Unleashed Globalization of R&d has accelerated in the past decade through a combination of R&d funding growth in emerging economies, off-shoring and outsourcing of a portion of western R&d, improved communications and the need for larger-scale
and particularly in Asia, recognize the importance of investing in the building blocks of innovation-based economies.
toward becoming an innovation-based economy by 2020. Such a command approach can sometimes accelerate the translation from research to development.
and economists have warned that sustained large investments in innovation must be paired with investments in social and environmental-protection infrastructures.
growth in China†s economy is likely to propel it to the top position in absolute R&d spending by the early 2020s.
academic and government R&d are viewed also more favorably than Chinese counterparts. •China†s goal of an innovation-driven economy by 2020 requires solving resources and environmental challenges.
Recognizing this, China intends to evolve from a manufacturing-centric model in 2013 to an innovation-based economy by 2020.
stable domestic evolution to an advanced economy, power projection and international prestige. These goals are manifested in large R&d-enabled projects like a Chinese space station
Comparison of annual change in national R&d investment www. rdmag. com December 2013 R&dmagazine 15 must be overcome to reach the 2020 innovation-economy target.
ending the longest economic contraction on record for the EU The rebound was driven by the EU€ s largest economy, Germany,
•Russia†s economy is expected to grow 3, %with R&d growth exceeding that rate. Russia†s strong infrastruc-ture for scientific research positions it better than other CIS affiliates,
Among this group are driven innovation economies like South korea (where $63 billion will be invested in R&d in 2014), to significant nations with relatively low emphasis on R&d (e g.
Research Intensity Trends in BRIC and Other Key Nations www. rdmag. com December 2013 R&dmagazine 19 ing a border with the U s. and an economy that is expected to experience reasonable growth in 2014,
while having economies about one tenth the size. In ROW, Means & Policy Disproportionately Affect R&d The sustained high rates of R&d growth in China are unusual.
a lack of willingness or capacity to invest in R&d could restrain such economies from reaching larger potential in the long term.
This is especially important for those among the 74 ROW economies with limited R&d infrastruc-tures:
In Their Own Words Comment from the Battelle/R&d Magazine Global Researcher Survey The globalization of research, finance, production, etc. will balance world economies in ways not seen ever before to the advancement of some and the stalling or loss
While there is a significant immediate economic impact from R&d activities (estimated to reach a total impact of 8. 7 million jobs from the full effects of R&d spending across the U s. economy in 2014),
What it Takes to Build a Successful R&d Ecosystem In successful economies, innovations are fostered and prepared for market within robust,
They also are essential measures for the viability and growth of ecosystems in emerging economies.
ICT industry respondents, reflecting steady growth even in weaker economies, are optimistic regarding their 2014 R&d budget.
The forecast for R&d growth in the chemical and advanced materials industry reflects the improving global economy
The forecast for R&d activities within the chemical and advanced materials industry reflects improvements in the U s. and global economy,
or output impacts in the economy, the values associated with scientific R&d are smaller than many â€oehigh-tech†industries.
putting â€oeeverything on the tableâ€) can easily weaken the economy over the medium term, making it harder to reduce the debt-to-GDP ratio.
while also growing the economy, policymakers should do four things. The first two focus on increasing GDP growth rates,
while also cutting the corporate rate will help move the United states away from a consumption-centered economy to an investment-centered one.
Policies that reward productive investment clearly increase the capital stock of the economy in turn producing higher incomes and more tax revenue.
†Congress should also increase funding for research that is focused more on commercial innovation and U s. competitiveness. 22 Education and Skills In a more knowledge-based economy,
since every person added to the economy also consumes resources. The latter, expanding work hours, is more effective
Moreover, with the move to an economy with many more jobs in the services sector, the availability of jobs that require limited physical exertion has grown.
from 84.8 percent in 1990 to 78.8 percent in 2011.40 Every worker who leaves the labor force can generate a double-drag on the economy,
Economists David Autor and Mark Dugan argue that the SSDI eligibility application process should focus on objective data with specific maladies for
and by the overall competitiveness of the U s. economy. 49 Once the economy is back to full employment,
bringing the economy back to full employment. In addition, a higher minimum wage would reduce outlays from the earned income tax credit.
But this view reflects what economists call the â€oelump of labor fallacy, †which refers to the notion that the amount of work available to workers is fixed.
however, should be levied as an economy-wide carbon tax on upstream, combustible, fuel sources (e g.,
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
and competitiveness, it will need to move from a consumption economy to an investment one, and policies that reduce spending on housing will move us in that direction.
Cultivate Growth, †New york times, November 16, 2010, http://www. nytimes. com/2010/11/17/business/economy/17leonhardt. html. 5. Congressional Budget Office, The Budget
â€oerefueling the US innovation Economy†(ITIF, December 2010), http://www. itif. org/files/2010-refueling-innovation-economy. pdf,
The Race for Global Advantage (Yale university Press, 2012) and The Past and Future of America†s Economy:
Stimulating the Domestic Economy 114 10.1 Agri-food 115 10.2 Marine 118 10.3 Tourism 119 10.4 Retail 121 10.5 Construction and Housing 125 11.
Developments in Financial services 133 11.4 Internet of things 133 11.5 Innovative/Advanced Manufacturing 134 11.6 Green Economy 135 11.7 National Institute for Bioprocessing Research
To achieve our vision of a stable and prosperous economy, we need to continue to make progress on our other goals:
We will embrace all good suggestions that help us build a stronger economy by continuing to seek out
Our work with the Global Irish Network and with our industry partners will continue to help identify promising actions across our economy.
This Spring we will bring forward an updated overall macroeconomic strategy to grow the economy, deliver full employment and to maintain responsible management of the public finances.
We will also set out a medium-term capital plan designed to address emerging economic and social infrastructure bottlenecks that could constrain the economy.
as well as strategies for a number of other specific sectors. 2015 ACTION PLAN FOR JOBS 5 This Government has worked hard to return stability to the economy and to the labour market.
The idea that our economy could put 100,000 extra people back to work by 2016 was met with questioning,
The response of Irish entrepreneurs, managers and workers to the challenge of rebuilding our economy has been so strong,
Looking ahead I believe that the next wave of jobs will be driven by small Irish companies †the type of SMES that tend to create up to two-thirds of all new jobs in a growing economy.
To stimulate the domestic economy and generate employment in locally traded sector 4. To build an indigenous engine of growth that drives up the export market share of Irish companies 5. To build world-class clusters in key sectors of opportunity In addition,
To stimulate the domestic economy and generate employment in locally traded sectors Spend by IDA assisted firms in the local economy up 13%from 2011 Since 2011,
the numbers of people at work has grown by in agriculture 24,000 in accommodation and food services 23,000 OPEN in retail, construction, healthcare,
billion in The irish economy in 2013 Source: DJEI SPD Source: DJEI SPD Source: DJEI SPD APJ STRATEGIC AMBITION 5:
and transforming Ireland†s economy and in reforming the way we support business and job creation in Ireland.
In 2012,2013 and 2014, on a quarterly basis we have reported in detail on the implementation of measures in the Action Plan for Jobs to support the transformation of the economy
and underpin the New Economy built on enterprise innovation, technology and skilled people. The achievement of 100
innovation and entrepreneurship and in fostering new sources of growth for the economy. The objectives and actions set out in this Plan are designed to achieve specific impacts in terms of jobs,
and stimulate the domestic economy through local employment in sectors such as construction and retail, tourism, hospitality and agriculture and food.
Actions are set out to expand reform measures to boost entrepreneurship across all areas of the economy and society.
and support of effective research that produces outputs of maximum impact for Ireland†s economy and society.
ï§An updated overall macroeconomic strategy to grow the economy, deliver full employment and balance the public finances,
using collaborative funding initiatives to ensure skills supply meets demand to underpin the New Economy.
The creation of new jobs in agency supported firms have important spillovers to other sectors of the economy through expenditure on Irish materials and services.
It is estimated that every direct job created in agency assisted firms indirectly supports another job in the wider economy thereby making a strong contribution to the overall target of getting to full employment in 2018.
Increasing Sales and Exports Our recovery since 2011 is founded on a deliberate policy of driving export growth across the economy and supporting successful Irish based enterprises in international markets.
Stimulating the Domestic Economy through local employment We will take a range of measures to ensure that the success in international markets is mirrored in the domestic economy
and provide significant stimulus to local economies. EI will support 28 significant food industry investments, including five from foreign multinationals.
As the economy moves into a new phase of growth, there is now an opportunity to address both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
and virtually every sector of the economy, showing growth; ï§Regions with history of high unemployment such as the South East †which Government has brought a new focus to,
and skills system to ensure the future needs of the economy are met. It highlights the importance of stimulating productivity,
investment and growth in domestic sectors of the economy to help in addressing the employment challenge,
These reforms have impacted on job creation capacity and potential in the economy, but we have more to do to achieve the target of 100,000 jobs by 2016.
The long-term trend of declining sub-supply purchases in the economy by foreign subsidiaries has been reversed
Enterprise Agency Strategic Ambition Enterprise Ireland and IDA Ireland are embarking on new strategic drives to support enterprise and investment in the economy over the coming years.
Foreign owned firms contribute substantially to Ireland†s exports, jobs, expenditure in The irish economy and to Exchequer funds.
and we need to build on the progress so far on deepening of trade links with the world†s leading developing economies,
Domestic Economy (retail, construction, tourism, agri-food) Current job creation performance in the domestic economy is improving,
with the CSO data indicating that some of the largest employment increases have been in the domestic economy 5 Framework for the Evaluation of Enterprise Supports (2011), Forfã¡
We need to continue to ensure that work incentives are adequate across the economy if we are to support unemployed jobseekers,
in the energy sector and in the property market as rapid increases in prices have the potential to produce adverse knock-on consequences in terms of prices and wage expectations across the entire economy.
Credit and Investment for Growth Limited funding flows in an economy damage the environment for entrepreneurship
and training system and employers to deliver on skills needed to build the New Economy. ï§Attract
and training provision with the skills needs of Ireland†s economy. Over 60,000, or 29 per cent of higher education students are enrolled in Science
The OECD has called skills the new global currency of 21st century economies and many countries have placed a major focus on human capital development
It is critical that we continue to nurture talent to meet the needs of an advanced economy.
and the economy at regional and national level and to ensure that individuals have the right skills to participate fully in society
ï§Deliver the skills needed to underpin the New Economy built on Enterprise Innovation and Technology
ï§Develop new Apprenticeships in response to proposals from key sectors of the economy. It is estimated that the economy has a long run average requirement of between 3, 500 and 4, 000 annual registrations in the existing apprenticeship trades, both construction and non-construction.
The Government is committed also to expanding apprenticeship into new areas and this will be the focus of the work of the Apprenticeship Council over the coming years;
and Training Services Plan. 2015 Actions A Step Change in employer engagement to build skills for the New Economy. 1 Review the National Skills Strategy
SOLAS, ETBS, HEIS) 16 Develop new Apprenticeships in response to proposals from key sectors of the economy.
and the EU€ s progress towards a low-carbon economy and society built on innovative research, effective strategic planning and an emphasis on timely and appropriate action.
This end-to-end approach to research strategy will provide the strongest potential for the research sector to contribute to national energy policy priorities and to job creation in the wider economy through the development of innovative commercial products, processes and solutions.
Furthermore, both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
develop new Apprenticeships in response to proposals from key sectors of the economy. DES, SOLAS, HEA, Apprenticeship Council, Employers and Education Bodies) 82 Enterprise Ireland will support a total of 115 firms across all levels and activities, through its Leanstart, Leanplus and Leantransform Programmes.
DSP) 2015 ACTION PLAN FOR JOBS 61 4. Finance for Growth The Government has identified clearly SMES as the lifeblood of our economy
As the economy moves into a new phase of growth there is now an opportunity to develop a policy agenda that addresses both cyclical and structural constraints in the financing of the SME sector and the continuing issue of the need for prompt payments.
Furthermore both of these key financing institutions have the potential to leverage additional private sector investment into the economy,
and will target investment in the wider information and communications technologies and life sciences sectors of the economy.
The introduction of the PPC will continue the Government†s drive to get credit flowing in The irish economy by encouraging prompt payment for all business transactions.
and reform of the State†s public employment services to help ensure that the number of people on the Live Register is reduced as the economy recovers
ducation and ths or more. e economy w including dig ut what is pla Design
Entrepreneurs are heroes of the economy, creating businesses, jobs and growth, and Ireland has some amazing entrepreneurs,
This should help stimulate the economy by providing certainty to those seeking to invest in new
as well as supporting the longer term competitiveness of the economy. In addition, much of this capital spend will help make Ireland a better place in
DJEI, CSR Stakeholder Forum) 8. 6 Decreasing the Cost of Doing Business Generating sustainable broad based export-led growth is essential to rebuilding The irish economy.
and international economic downturns rather than being driven across the broad economy. The Council has stated that The irish economy has reached a turning point in terms of cost competitiveness.
As previously emphasised by the Council, further structural or policy induced changes are necessary to ensure that prices do not escalate
and erode competitiveness as The irish economy returns to stronger rates of growth. The key issues raised by the National Competitiveness Council include:
Energy and Natural resources is pursuing the energy efficiency agenda across all sectors of the economy. A number of important landmarks were achieved over the lifetime of previous Action Plans,
This financing gap is being experienced across all sectors of the economy, not least the public sector. The Fund is established with investment from the Government, Glen Dimplex and London and Regional Properties.
DTTAS) 263 In order to ensure legal business models are informed better, better established, better operated, better regulated, better for consumers and enterprise and better for the economy,
and to the goal of developing a competitive national economy, through the stimulus given by innovation to high value economic activities and jobs.
and support of effective research that produces outputs of maximum impact for Ireland†s economy and society.
Stimulating the Domestic Economy The preceding sections outlined the measures the Government will take in 2015 as part of our continuing export-led approach to employment generation.
As a result of Action Plan 2014, this is no longer the case. 2014 saw other supporting measures for the domestic economy such as the launch of Construction 2020, a strategy for a renewed construction sector
and sustained in local businesses as essential elements of our communities and domestic economy. Whether operating in agri-food, tourism, retail or construction,
and ï§Offer spectacular tourism and leisure opportunities and a rich maritime culture and heritage. 2015 ACTION PLAN FOR JOBS 119 The direct economic value of Ireland's ocean economy
DAHG, UCD, DCU) 2015 ACTION PLAN FOR JOBS 121 10.4 Retail The Wholesale and Retail sector accounts for the largest share of employment in The irish economy, with approximately 270,000
The Government†s Statement of Priorities up to 2016 stresses the importance of supporting the recovery of the domestic economy to create jobs,
and should have clear benefits for all sectors of the economy, and in particular for Retail.
It is also an essential part of the Government†s effort to return the economy to full employment in 2018.
and work in these inner city locations. 2015 Priorities We have made strengthening the domestic economy and prioritising new jobs for the unemployed a particular priority for this Government.
bod on each of th o mirror each ation. itive impact nnes of CO2 e one for the G s (see Section en Economy 015 ACTION e
Nevertheless, all economies must be aware of and adjust to global trends, and the challenges and opportunities that they present.
For example, rapidly ageing populations combined with natural resource constraints mean that growth in advanced economies will increasingly depend on productivity-raising innovation.
Specific opportunity areas identified include Smart Ageing, Design, Financial services, the Internet of things, Additive Manufacturing, the Green Economy,
and develop further Ireland†s 2015 ACTION PLAN FOR JOBS 131 capabilities in business-related design across all sectors of the economy
DCCOI, DJEI) 11.3 Developments in Financial services With over 35,000 people employed across the IFS industry throughout Ireland this is a valuable sector to The irish economy.
Given the value of this industry to the economy and the appointment by Government in July 2014 of a Minister of state with specific responsibilities for the sector
IDA, EI, SFI) 11.6 Green Economy The Green Economy continues to hold potential as a new source of growth for Ireland.
The Green Economy encompasses a range of activities, spread across different sectors of the economy,
which have the common objective of providing goods and services in a sustainable way that reduce the impact on the environment.
A number of actions elsewhere in this Plan will help 136 to support the development of the Green Economy †in particular in relation to our Energy Innovation Hub Disruptive Reform
Ireland is ranked 11th in performance in the Global Green Economy Index 201410, but ranked only 33rd in terms of how it is perceived to perform.
and to communicate the performance of Ireland†s Green Economy more effectively in order to encourage greater investment in the sector in Ireland.
The opportunity will also be taken to explore the potential for the development of new employment opportunities in the Green Economy at regional level as part of the development of Regional Enterprise Strategies.
The Consultative Committee on the Green Economy, which was established as part of Delivering Our Green Potential, the Government†s Policy Statement on Growth and Employment in the Green Economy,
will also continue to explore areas of opportunity to support job creation in the Green Economy. 2015 Actions 357 Carry out Cleantech Trade missions
or include the Cleantech sector in multi-sectoral trade missions to highlight the products and services available from Irish companies in the sector and to develop export opportunities for them.
and appropriate tools to communicate the performance of Ireland†s Green Economy to global audiences more effectively to encourage greater investment in the sector in Ireland.
DJEI, EI and relevant actors) 10 http://www. dualcitizeninc. com/global-green-economy-index/2015 ACTION PLAN FOR JOBS 137 361 Consult with the Office of Government Procurement
DJEI, EI, OGP) 362 In developing Regional Enterprise Strategies, explore the potential for the development of new employment opportunities in the Green Economy at regional level.
DJEI) 363 Through the Consultative Committee on Jobs in the Green Economy, continue to identify new opportunities to support job creation in the Green Economy.
ï§To stimulate the domestic economy and generate employment in locally traded sectors Objective Baseline (2011) Current Performance (2014) 2015 Targets Relevant APJ Sections To support 100,000 additional jobs by 2016 Decrease in numbers
11-New Sources of Growth 1. 2 Increase in proportion of exports to high growth economies Exports to BRICS in 2009 of â 469m.
and emerging markets to reach 20%in 2014.16%of greenfield projects 2013.20%of greenfield projects in 2014.2015 ACTION PLAN FOR JOBS 143 2. Stimulating the domestic economy (retail, construction, tourism
Targets Relevant APJ Sections 2. 1 Increase local economy employment Q1 2012 ï§Retail: 264,800 ï§Construction:
. 7-Trading Online 4-Financing Growth 10-Stimulating the Domestic Economy 2. 2 Increase in the domestic expenditure by exporting firms on payroll, and
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