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留学生作业代写:The economic reverse of Ireland

2018-01-10 来源: 51due教员组 类别: Essay范文

下面为大家整理一篇优秀的essay代写范文- The economic reverse of Ireland,供大家参考学习,这篇论文讨论了爱尔兰的经济逆袭。2008年的时候,一次经济大萧条让爱尔兰的经济受到了重创,不得不向欧盟求助。这次债务危机也让爱尔兰吸取了教训,对此,爱尔兰做了大量的改革。不仅加强了对金融的监管,还扶植创业,加强教育的建设,对外开放,吸引国外投资,最终使爱尔兰的经济发展起来。

Ireland,爱尔兰经济,essay代写,paper代写,美国作业代写

When it comes to the economic power of Europe, few people think of Ireland. The island, far from the continent of Europe and Pianan, was once the poorest country in Europe, and even one-third of the population lived below the poverty line in the late 80. But Ireland's recent economic growth has made it hard for the world to continue ignoring its presence. Ireland's GDP grew by 7.8% in 2015, the fastest growing country in the EU for two consecutive years. In the world, Ireland has also surpassed China and India, which are known for its high GDP growth.

Ireland's current situation is not easy. Ireland was "wallowing" in the debt crisis of 2008, when the Great Depression hit the Irish economy. Ireland has had the gall to seek help from the International Monetary Fund, the European Union and the European Central Bank because of the collapse of the housing market and the rise in bad loans, which have led to bank failures and soaring government debt. For a time, Ireland and Portugal, Italy, Greece and Spain were called "European pigs" because of their extremely low economic growth, high unemployment, and high DEBT-TO-GDP ratios, which were likely to be debt-free at any moment. Now, Greece is still receiving international aid, Spain's unemployment rate is high, Italy's banking sector is in crisis, is regarded as Europe's "gunpowder Barrel", and Ireland has turned gorgeous. Look at other "European pig country" performance, Ireland's Hurricane Mengjin-like economic growth is more commendable.

So, in the past few years, why Ireland has been able to get out of the "quagmire", from the "European pig country" reversed into a "European swan" it? There is bound to be a place where we can learn.

The Irish never seem to be shy about the mistakes they've made. In the view of economists, it is precisely because the Irish have been able to learn from the debt crisis, this is the economic recovery of Ireland. There are many reasons for the Irish debt crisis, such as overweight housing, excessive bank lending, excessive government spending and so on. In response to these problems, the Irish have done a lot of financial reform.

The Irish Government, for example, has forgotten the bad debts of banks and conducted financial regulation. Economists in Ireland argue that there is no big problem with investing and real estate, and that the real mistake is the government's inadequate regulation of the economy, which has condoned a serious bubble in the real estate sector and excessive lending by banks. To avert another runaway economy, the Irish government has begun to designate financial experts to oversee the various sectors of the Irish Central Bank in order to adjust financial policy in a timely manner.

The Irish Government, for example, has slashed spending and tightened fiscal policy because of the government's poor fiscal position. One of the most forceful measures that Ireland has done is to tax civil servants. In an effort to overhaul the banking sector, the Irish Government has allocated some of its funds from the state pension Fund to bank reform, which leaves a huge gap in pensions for retired civil servants. To fill the gap, each serving civil servant levies about 10% per cent of the civil service tax to pay the pensions of retired civil servants. The Irish think that when the country is in trouble, the taxpayer-raised civil servant should first top up.

In short, strengthening financial regulation and spending money as much as possible on the "blade" has made Ireland's fiscal situation much better.

While embarking on the reform of finance, the Irish Government is concerned about a more important issue: entrepreneurship. In the eyes of the Irish, this is the first important thing to get the country out of its predicament. In the era of the debt crisis, investment-risky property once accounted for 10% of Ireland's GDP, but once the house was not sold, the economic crisis came. After learning the lesson, the Irish government began to vigorously support the establishment of industrial, hope that more start-ups in a professional field of rapid growth, fundamentally help the economic take-off.

To this end, Ireland first through the enactment of legislation, the establishment of institutions to foster national entrepreneurship. In order to encourage innovation, Ireland's fiscal law stipulates that companies spend 20% of their tax dollars on scientific research and development, and that, at the very highest, some companies can reverse nearly 1/3 of research investment. To encourage entrepreneurship, the Irish Government has also set up an Irish Business Council to support companies with high growth potential. The Irish Business Council organizes youth entrepreneurship competitions at universities every year and manages a fund dedicated to investing in good start-ups at home and abroad.

Secondly, it is very important that Ireland has made full use of its talent. At present, the proportion of university students in Ireland is the highest among European countries, and Ireland is one of the largest proportion of young people in the world. Ireland did not waste a lot of human resources, and after the European debt crisis, the Irish government squeezed government spending, but barely cut spending on education and started education reform in time. Ireland's universities, for example, pay more attention to cultivating a large number of knowledge-based workers for the innovative economy, and to developing students ' practical abilities. Ireland, for example, has a large number of biotech companies, and the problem often is that they cannot find enough talent to do so, and the Irish government has established a national biopharmaceutical research and Development and training Centre to provide a great deal of talent to these potential enterprises.

As a small country, Ireland has no strong domestic demand to prop up its economy compared with other European countries, a weakness of Ireland's economy. So the Irish Government is acutely aware that Ireland's desire for an economic recovery cannot be closed and that it must turn to "external forces" with a more open mind.

To make up for the weakness of domestic demand in Ireland, the Irish government will attract foreign investment as the first priority for the development of the economy, and launched a number of preferential policies. Among them, low taxes have been the Irish government to attract foreign investors, "the killer."

Ireland is a famous tax haven, with low tax rates and a policy that maintains long-term consistency and certainty. Ireland's corporate income tax rate remains at 12.5% for a long time, compared with 30% in the US. Lower tax rates have eased the burden on companies, so over the years Ireland has been one of the first destinations for international companies to enter Europe and has become the European headquarters for Google, Apple and other global internet giants. Multinationals, meanwhile, are eyeing Ireland's so-called "double Irish" tax system, which allows multinationals to transfer profits from their major markets to countries with lower tax rates through Ireland.

The Irish American Chamber of Commerce's 2015 issue of the bilateral economic Relations report shows that Ireland is not only the top destination for us OFDI, but also the most lucrative investment place for American companies overseas. This is because Ireland has a unique geographical advantage, and many companies regard Ireland as a "bridgehead" for entering the European market.

Ireland's identity as a member of the EU means that its products and services can flow freely in a European market with more than 500 million consumers. Therefore, many enterprises not only to open up the European Union Market headquarters in Ireland, but also the development of African markets headquartered in Ireland, and Ireland cleverly and effectively to the EU's huge market as its backing, to enable foreign enterprises to benefit and the rapid development of the domestic economy win.

In short, although the Irish country is small, but can accurately see its own economic development advantages and disadvantages, and take an open attitude to rectify the development, in a few years, the Irish economic reverse attack, it is not surprising.

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