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Small Open Economy

Ireland can be defined as a classic Small Open Economy.  We are vulnerable to external economic shocks and largely dependent on overseas demand for economic growth and prosperity.

Discuss the evolution and importance of this and also competitiveness as a policy objective for Ireland.

Detail the rationale for levels of Government intervention in a Small Open Economy.

What has the Irish Governments policy response to dealing with the high post 2008 levels of debt been and what are the principle factors that may now impact our economic future in the short to medium term.

Be analytical and critical in your answer and seek to draw supported conclusions.

Ireland being a small open economy:

  1. Discuss the evolution and importance of this (about 400 words)
  2. competitiveness as a policy objective for Ireland. (about 700 words you will need to go through point by point, please see suggestion below)
  • Higher Standard of Living
  • Full Employment
  • Fair Distribution of Income
  • Economic Growth and Stability, macro, financial and price stability
  • Migration and Growth
  • Competitiveness, Exports and Foreign Direct Investment
  • Tax
  1. Detail the rationale for levels of Government intervention in a Small Open Economy ( 700 words )
  1. What has the Irish Governments policy response to dealing with the high post 2008 levels of debt been ( 700 words )
  • Why have Government
  • Levels of Government

                Global

                EU

                Local

                National

  • Public Expenditure and Taxation

                Public Consumption, Healthcare

                Transfers, Social Welfare

  • National Pension Fund
  • NAMA
  • State Owned Enterprise
  • Regulation and Competition Policy
  • Social Partnership
  • Response to Credit Crisis -   Austerity,   Dealing with Debt,   Lessons
  1. what are the principle factors that may now impact our economic future in the short to medium term. ( 500 words )

Conclusion ( 100 words )

 

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Tags: Higher Standard Of Living, Full Employment, Fair Distribution Of Income, Essay, Essay Writing, Writing, Academic Writing, Paper Writing, Tutoring, College Papers, Content Writing, Creative Writing, Economic Growth And Stability, Macro, Financial And Price

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