- The National Competitiveness Council has just published its latest study on the costs of doing business in Ireland in 2011. The report notes that we are moving in the right direction and that Ireland is becoming a more attractive place to do business, but much more needs to be done.
- Cost reductions have resulted primarily from cyclical factors like the collapse in consumer demand, domestically and internationally. Irish policy, the Competitiveness Council asserts, must deliver outcomes which embed lasting structural reform to ensure that the gains are permanent.
- Restoration of cost competitiveness is central to any economic recovery, and if Irish enterprises are to compete successfully for business in international markets, cost competiveness is one of the key determinants in achieving success.
- The report is well worth reading, and if you are pressed for time, there is an excellent and brief executive summary at the front.
CLICK HERE to access the report (PDF Format).
July 19th, 2011