Ireland is the second-most globalised economy in the world

25 Jan 2011

Ireland ranked second after Hong Kong as the second-most globalised economy in the world, moving up one place in the rankings of the Ernst & Young Globalisation Index 2010.

The index, which measures to which extent the 60 largest countries (by GDP) are connecting with the rest of the world, studied trade, capital, technology, culture and labour.

Hong Kong ranked first place, with a score of 7.48, followed by Ireland, with a score of 7.34, Singapore with a score of 6.78 and Denmark with score of 5.93. Israel came 13th with a score of 5.11 and the UK came 15th with a score of 5.00. The US was 28th on the list, with a score of 4.41.

Technology and ideas

“This is an excellent recognition of Ireland’s strengths and it is particularly encouraging to see that we scored highest globally in exchange of technology and ideas,” said Barry O’Leary, CEO of IDA Ireland.

“Ireland’s value proposition as a leading location for foreign direct investment (FDI) is based on our reputation as a country that embraces open innovation and the survey result further enhances this reputation.”

“‘Horizon 2020’, IDA Ireland’s strategy document, identifies 10 steps of transformation, which include attracting investors from new high-growth markets and winning new forms of FDI. The results of this survey show that IDA Ireland is on track for achieving these targets, scoring highly for openness to trade,” O’Leary said.

For the past two years, Silicon Republic has run a campaign to highlight the imperative of creating the digital infrastructure and services upon which the success of our economy depends.

The website for Digital 21 provides a forum for all those interested in accelerating the development of Ireland’s Digital Economy.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years