Ireland has been ranked the third most globalised nation in the world in a report due to be presented to the World Economic Forum at Davos today.
The report, produced by Ernst & Young with the Economist Intelligence Unit, placed Ireland behind Singapore and Hong Kong in a study of 60 countries.
The result was measured “by a country’s openness to trade, movement of capital, exchange of technology and ideas, labour movements, and cultural integration.”
The strength of Ireland’s technology industry has been highlighted in the report, stating:
“In recent years, Ireland has positioned itself as a hub in the global exchange of technology, as a result of its safe operating environment and educated workforce. It may not be the originator of all the innovation that passes through its doors, but the country’s role as a conduit for research and development – through manufacture, packaging and export – has been an important contributor to its high level of globalisation.”
Ernst & Young noted that the economic crisis has slowed Ireland’s growth in globalisation over the last two years but reported that, of the industry executives questioned for the survey, almost half of them expected their international activities to expand over the coming year. Universities and colleges are amongst the organisations seeking to expand their global reach; currently 1 in 12 undergraduates studying in Ireland comes from abroad, with educational groups keen to increase that figure.
For more information on studying in Ireland check out Education Ireland at http://www.educationireland.ie