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Ireland: a Place to Grow Your Business

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Submitted By tomcain439
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Ireland: The Place to Grow your Business
Tom Cain
Indiana Wesleyan University
ADM 549
January 22, 2013
Rick Saint-Blancard

Abstract

Relations between the United States and Ireland have historically been based on shared values and common ancestral ties. Emigration has been a foundation of the U.S.-Irish relationship. Besides consistent dialogue on economic and political issues, the United States and the Irish Governments have official exchanges in areas such as education and medical research. With Ireland's membership in the European Union, discussions of EU trade and economic policies as well as other aspects of EU policy have also become key elements in the U.S.-Irish relationship. This long-term relationship, some cultural similarities and a strong educated workforce makes Ireland a good place to go international with a U.S. based business.

Ireland
Ireland is a nation emerging as a great place for the United States to conduct business. The relationship of the United States and Ireland are deeply based on shared values and common ancestral ties. These ties help breakdown communication issues that could occur in other dissimilar countries when trying to negotiate business. In addition to shared values, these two countries have similar cultures, as well as similar needs and wants in relation to consumer purchasing history, which makes the exchange of business easier, more lucrative and less risky.

Economic Overview Ireland is a small, modern, trade-dependent economy, which experienced strong growth until the world economic downturn in 2008. Over the last few years, Ireland has been positioning itself for growth as the world economy improves. Agriculture, once the most important sector, has mostly been replaced by industry and services. Industry makes up 46% of the GDP, 80% of exports, and 29% of the labor force. Although exports remain the

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