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The economic and policy development of Ireland
The importance of foreign direct investment
The importance of foreign direct investment
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Recommended: The economic and policy development of Ireland
1. 0 Intoduction
Farelly (2012) states in the “Economic Context” section on Eurofound.ie that Ireland is a small, open economy that depends heavily on foreign direct investment from foreign multinationals. Due to Ireland’s low corporation tax and it’s English speaking workforce, it attracts these multinationals. In the 1990’s, Ireland experienced a boom in its economy, commonly known as the “Celtic Tiger”, with this, came high levels of employment growth and many new jobs were created. Unfortunately, this did not last, because in 2008 there was a major economic downturn which caused a rapid increase of unemployment which in turn, led to very high levels of emigration to places such as Australia. Emigration meant money leaving the Irish economy, which is also known as leakages. Farelly (2012) writes that there was a huge number of job losses since 2008, and unemployment rose to 14.5% in 2011 as a result of the recession. Due to this, Ireland earned a negative image which did not encourage any foreign direct investment. LRC (n.d.) explain that due to things such as salary cuts and redundancies as employers try their best in order to cut costs, employees have found their livelihood under threat and therefore the industrial relations have become strained. The Labour Relations Commission has found itself handling increased numbers of referrals to do with pay and redundancies with its Conciliation Service. In this essay, the changes that have effected industrial relations law, collective bargaining, trade unions and the Labour Court in the past 30 years will be discussed.
2.0 Industrial Relations Law
2.1 Industrial Relations Act 1990
According to LRC (n.d.) in the 1970’s, the Irish Industrial Relations saw frequent disputes and st...
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...nd the economic crisis: where now? Retrieved April 2, 2014 from:
http://www.oireachtas.ie/parliament/media/housesoftheoireachtas/libraryresearch/spotlights/spotTradeunion040611_143334.pdf
• ENTEMP. (n.d.) Industrial Relations Act 1990. Retrieved April 2, 2014 from:
http://www.djei.ie/publications/employment/2002/industrialrelationsguide.pdf
• GUESTPOST. (2013) Reform of Law must protect Human Right to Collective Bargaining. Retrieved April 2, 2014 from:
http://humanrights.ie/constitution-of-ireland/reform-of-law-must-protect-human-right-to-collective-bargaining/
• Farrelly,R. (n.d.). Ireland: Industrial relations profile. Retrieved April 4, 2014 from :
www.eurofound.europa.eu/eiro/country/ireland.pdf
• LRC. (2010). Industrial Relations in Ireland. Retrieved April 6, 2014 from:
http://www.business2000.ie/pdf/pdf_13/lrc_13th_ed.pdf
To conclude this analysis on the basis of the labor’s extensive history, Sloane & Witney (2010) propose, “it is entirely possible that labor’s remarkable staying power has been because of the simple fact that to many workers, from the nineteenth century to the present, there really has been no acceptable substitute for collective bargaining as a means of maintaining and improving employment conditions” (p.80). In the end, it is important to anticipate unions and employers presently work together to find solutions that will enhance collective bargaining strategies and practices to serve the interest of both parties.
David Brody argues that the rise of contractual or collective bargaining relationships during the post WWII era formalized the relationship between employers and unions, but simultaneously began to put a break on shop floor activism. Explain Brody’s argument and, where relevant, incorporate Weber’s theory of bureaucracy.
Smith, William J., "Labor's Wrongs - and Rights", The Commonweal, 13, March 1959, 618 - 620, 618 -- 620.
British- Irish relations over the past three hundred years have been troubled. There have been many tensions caused by religion in Northern Ireland and Britain's unfair rule of Northern Ireland. The British are guilty of many of the indignities suffered by the Irish people. They are also guilty of causing all of the religious and territorial conflicts between Catholics and Protestants in Northern Ireland.
Harbridge, R. and Walsh, P. (2002), Globalisation and labour market deregulation in Australia and New Zealand: Different approaches, similar outcomes, Employee Relations, 24(4): 423-436.
Violence, terror, suffering and death. The conflict that has been burning in Northern Ireland seems to be an unstoppable battle and it has flooded over the land of Northern Ireland. The struggle for power and the persistence of greed have fueled the raging fires of the opposing groups. The conflict in Northern Ireland has been discussed continually over the past few decades. Ever since the beginning of the “Troubles,” organizations have been scavenging to find a plan that will cease the violence. Throughout my research for this project, the questions of what are the main sources of conflict in Northern Ireland and why have they continued today guided me to many fascinating pieces of evidence that provided me with a more compassionate view of the situation of Northern Ireland. My research topic was very broad and to get down into a more explicit viewpoint, I chose to search for my sources by selecting three disciplines.
Blanpain, R and Bamber, G J. (2010). Comparative Labor Law and Industrial Relations in Industrialized Market Economies: Xth and Revised Edition. Alphen aan den Rijn: Kluwer Law International.
Fay, M, Morrisey, M, Smyth, M, 1999, Northern Ireland’s troubles: the human costs, Pluto Press, Sterling, VA
The real turning point for an economic policy focused on productivity came from Sean Lemass, the economic architect of modern Ireland, who during his mandates as minister for Industry & Commerce tried to move away from the protectionist policies that had been in place since the 1930s towards international trade and commerce. He focused his programme on foreign investment, tax breaks and grants that were provided to foreign firms wishing to set up a company in Ireland, this would have contributed to create economic prosperity in the country and reduce the big problem of unemployment. Following the introduction of this programme, employment fell by a third; at the end of the 1960s, 350 foreign companies had settled in Ireland starting what we can call the industrial colonization and, by employing the 25% of the industrial labour work in the country, emigration reduced considerably and the population grew f...
The Irish and British governments fought for many years over the ownership of Northern Ireland. Britain had main control over Northern Ireland, and Ireland did not think that was fair. Be...
When Margaret Thatcher became Prime Minister the first thing she wanted to do was limit union power. She felt that union power applied to nationalized industrial monopolies resulted in poor service at exorbitant cost to the taxpayers. She pointed to inefficient work practices, overemployment and restrictive employment conditions such as the all union “closed shop”. These rules were dictated by union contracts and served to tie the hands of managers and the government alike. Mrs. Thatcher’s greatest grievance concerned the powers union leaders had over strikes ( Moskin 100).
Since the turn of the millennium Ireland witnessed unprecedented growth, in stark contrast to the economic hardship of the 1900’s. Ireland became one of the most prosperous countries in Europe during the 2000’s. Times were good for Ireland as unemployment was low, growth and GDP was growing year on year and inflation was constant. In 2008, all this was to change and Ireland witnessed the worst recession in its history. The banking crisis, the construction sector and poor regulation were the major contributors in the Irish recession. A fiscal crisis erupted, NAMA (National Assets Management Agency) was established to secure bad loans in banks, and a EU/IMF bailout was agreed which burdened Irish taxpayers. I will explore the causes and consequences of the crisis in this essay.
Ronayne, T. 2004. Regions Without Work: Unemployment and Labour Market Policy in Ireland. [Online] Available from: http://www.wrc.ie/publications/regionsw.pdf [Accessed 7th May 2012]
Collective bargaining may happen in several kinds of fields, ranging politics to sports. It allows appropriate settlement of disputes and issues that benefit both parties involved, producing a result that is not one-sided. Collective bargaining is “the negotiation of wages and other conditions of employment by an organized body of employees” (Beal, Wickersham, & Kienast 5). Four issues that are probable components of a collective bargaining agreement are:
During the twentieth century, Ireland was suffering through a time of economic hardship. “Economic growth was stagnant, unemployment was at a historic high and exceeded anywhere in the EU, except possibly Spain, and the state was one of the most indebted in the world” . Irish men and women who had received a formal education had immigrated to other nations due to the unavailability of jobs at home. This left Ireland in a state of further economic downfall, and the lack of skilled workers left Ireland stuck. The 1990’s were a turning point for Ireland. A rise in industry within the nation, as well as an increase in exports, led Ireland to become the “shining nation” in Europe. It became internationally linked with one of the biggest power nations, the United States, and international trade became Ireland’s new source for a booming economy. This brought the rise of what was known as the Celtic Tiger in Ireland.