The Impact Of Globalization On Ireland

Decent Essays

In this essay, I will be analysing how Globalization has had an impact on myself and Ireland. I have chosen Ireland for this assignment because Ireland is the country I was born in and have spent the past 17 years of my life in and I feel that globalization has impacted Ireland significantly and this can be seen in figure 1 below, showing Ireland being the most globalized country in the world in 2015.

Figure 1 Source: KOF

According to Lasserre (2012 p.4), Globalization is the process that involves people, money and information can move freely across borders

Another definition of globalization is suggested by Morrison (2011, p.43), that globalisation is a process by which people, products, information, money and companies can move around the world as decision-makers
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The negative impact this has had on Ireland is that most local businesses in Ireland has been closed as they lose their customers and relations with companies that help give the local businesses the financial support they need, because of the local businesses not being able to compete with FDIs advanced services and goods and FDIs abilities to lower their prices.
In an optimistic view, Ireland have been sorting out this negative impact by encouraging people to set up their business and by giving them the financial support they may need.

Picture 1 Source: Enterprise Ireland

As seen in picture 1, Ireland have set up an organisation called Enterprise Ireland and according to enterprise-Ireland, Enterprise Ireland is the government organisation responsible for the development and growth of Irish enterprises in world markets.
In general, financially, globalisation has impacted Ireland in a positive and negative
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