Connect Ireland. It's easy & rewarding!. (2016). Connect Ireland.

Retrieved 9 August
2016, from http://connectireland.com/reasons.aspx
Developed/developing countries - Characteristics Flashcards | Quizlet. (2016).
Quizlet.com. Retrieved 9 August 2016, from
https://quizlet.com/43964472/developeddeveloping-countriescharacteristics-flash-cards/
Differences Between Developed, Developing and Underdeveloped Countries.
(2016). Scribd. Retrieved 7 August 2016, from
https://www.scribd.com/doc/76627690/Differences-Between-DevelopedDeveloping-and-Underdeveloped-Countries#download

Economics: Characteristics of Developing Countries. (2016).

Economydetail.blogspot.co.id. Retrieved 9 August 2016, from
http://economydetail.blogspot.co.id/2010/02/characteristics-ofdeveloping-countries.html
Ireland vs New Zealand - Country Facts Comparison. (2016). Countryfacts.findthedata.com. Retrieved 9 August 2016, from http://countryfacts.findthedata.com/compare/27-130/Ireland-vs-New-Zealand
Ireland: Too many houses in the wrong place - FT.com. (2016). Financial
Times. Retrieved 9 August 2016, from
http://www.ft.com/cms/s/0/ba41c19e-3478-11e6-ad393fee5ffe5b5b.html#axzz4GhjYGsm7
Life expectancy increases by four years - Independent.ie. (2014).
Independent.ie. Retrieved 9 August 2016, from
http://www.independent.ie/life/health-wellbeing/life-expectancyincreases-by-four-years-30391170.html
New Zealand Period Life Tables: 201214. (2016). Stats.govt.nz.
Retrieved 9 August 2016, from
http://www.stats.govt.nz/browse_for_stats/health/life_expectancy/NZ
LifeTables_MR12-14.aspx
The World Factbook. (2016). Cia.gov. Retrieved 3 August 2016, from
https://www.cia.gov/library/publications/the-worldfactbook/geos/ei.html
Top 10 Highly Developed Countries - Listverse. (2012). Listverse.
Retrieved 7 August 2016, from http://listverse.com/2012/02/13/top10-highly-developed-countries/
World Development Indicators| World DataBank. (2016).
Databank.worldbank.org. Retrieved 3 August 2016, from
http://databank.worldbank.org/data/reports.aspx?source=worlddevelopment-indicators

Indicator
Population
Real GDP per Capita
GDP Growth Rate
Health
- Infant Mortality
Rate
- Life Expectancy
Education
Expenditures
Unemployment Rate
Inflation Rate
Exchange Rate
Minimum Wage
(Annual)
Biggest Industry /
Sector

New Zealand (in

2014)
4,5097 million
35939.5
3.2 %

Ireland (in 2014)

5%
81.35 years

3%
80.6 years

NZ$13,183 million

8.759 billion euro

5.8%
0.9%
1.389 (1 August
2016)
$26,314 (2016)

11.3%
0.2%
0.896 (1 August
2016)
$24,619 (2016)

Service,
manufacturing,
mining

Foreign
investments,
construction,
alcoholic beverages,
exports (pharmacy
and software)

4,6157 million
52256.8
5.2%

EXTRA INFO
IRELAND
Austerity is a set of economic policies implemented with the aim of reducing
government budget deficits.
Why companies will choose to invest in Ireland?
1. The big global players are already here
Many of the worlds biggest and most successful companies across a range of
industry sectors already have considerable operations in Ireland, such as
Microsoft, Pfizer, Abbott and Intel. These companies have done their research
and voted with their feet, resulting in significant investments in their Irish
operations. This is testament to their confidence and belief in the future of
Ireland and her people.
Dont take our word for it!
Former US President Bill Clinton, at the Invest in Ireland Forum in New York in
February 2012, said:

"You'd have to be nuts not to take advantage of the unique investment

opportunity presented by one of the most business-friendly countries in the
world, with the youngest, best-educated workforce in Europe."
2. Taxation
Almost 1,000 multinational companies have chosen Ireland as their strategic
European base due to our pro-business environment and attractive taxation
rates.
Ireland has one of the lowest corporation tax rates in Europe at 12.5%.
Companies can avail of a 25% tax credit against research and development
costs.
Ireland has double taxation agreements with more than 60 countries, including
every major trading partner.
3. Ireland is a member of the European Union and the Eurozone
According to the IMF (International Monetary Fund), the economy of Europe is the
largest and most affluent economy in the world. The euro is the official currency
of the eurozone and is used daily by 332 million Europeans. The euro is the most
traded currency in the world after the US dollar and Ireland is the only Englishspeaking country in the eurozone.
Benefits of the EU and eurozone include:
-

duty-free access to the worlds most valuable market from Ireland

companies in the eurozone are not exposed to currency fluctuations when
trading in the eurozone
CE mark certification is valid across the European trading area
European citizens can move freely within the EU to live and work

4. Talent and innovation

Ireland has the youngest population in Europe with an average age of 34.4 years.
A 2010 European Commission study of third-level education stated that Ireland
produced the most highly employable graduates in the world. Collaboration
between leading-edge scientists and industry researchers is fostering a new
generation of world-class innovation.
Quick facts
Ireland is 1st in the world for the availability of skilled labour, according to the
World Competitiveness Year Book 2011.
IBM set up its first Smarter Cities Technology Centre in Ireland.
5. Quality of life
Ireland has long been marketed as the land of a hundred thousand welcomes,
Cad Mle Filte, and this is evidenced through the growing number of diverse
nationalities working in Ireland. Contemporary Ireland is multicultural and
multilingual, with a vibrant society living in one of the most open economies in

the world. In 2011 the Lonely Planet Guide named Ireland as one of the top 10
friendliest countries in the world.
NEW ZEALAND
The first country to implement national minimum wage.
Service sector 63% GDP
New Zealand is considered as Developed Country as GDP purchasing power
keeps on increasing which was $154.5 billion in 2014, along with the GDP growth
rate (3% in 2014) and GDP per capita ($35700 in 2014). GDP consumption is
mostly on household, which is 56.1% and lesser government consumption, which
is 18.7%. Its labour force are more on services, which is 74% rather than
industry, which is 19%; proving that service sector is more wealthy than
industrial sector. In addition, their exports are more than imports. Exports was
$41.96 billion in 2014 and its exported goods were mostly dairy products, meats,
logs and woods, fruit, crude oil and wine. Imports were $41 billion in 2014 and
their imported goods were mostly petroleum and products, mechanical
machinery, vehicles and parts, electrical machinery and textiles. This show that
New Zealand is trying to advanced their technological infrastructure for their
country.
New Zealand is a small and relatively remote group of islands and was one of the
last islands to be discovered and settled by humans. Thus, it contains a beautiful
landscape and flourishing animal life and biodiversity that attracts flocks of
tourists annually. New Zealand is a parliamentary constitutional monarchy that
also recognizes Queen Elizabeth II as Head of State and in their national anthem,
while John Key is the Prime Minister. New Zealand has one of the highest living
standards and happiness ratings in the world, and tends to be a strong advocate
for peace and environmental sustainability, banning nuclear weapons and
protecting its diverse wildlife. The countrys GDP is $157.877 billion dollars, with
a GDP per capita of $35,374 for its population of about 4.3 million. Its education,
literacy, and health standards are all very high with a life expectancy of 80.2
years (keep on living, Jamie). Of course, New Zealand is a hot spot for travellers
looking for beautiful topography and biodiversity, and while youre there you can
stop by the wonderful city where Jamie came from: Wellington (pictured).
Education : Rank 16 according to MBC Times 2015/2016 report. The national
education spending incurred by the ministry is NZ$13,183 million for the session
2014-15. English & Maori are the mainstream languages to get educated. The
poor primary test scores are a major setback to improve ranks. The PISA
accumulates the country 7th in science and reading each while 13ht in math.
The education index amassed by HDI ranks country highest in the world but it
only assesses the childhood years spent at school instead of the achievement
levels.
Theories
Developed countries
1. Rate of unemployment is low
2. High Gross Domestic Product (GDP) per capita
3. Heavy emphasis on health

4.
5.
6.
7.
8.

Heavy emphasis on education

Low Infant Mortality Rate (IMR)
High Per Capita Income
Countrys income mostly came from industry or service sectors
Exports exceed imports

Developing Countries
1. Rate of employment is low
2. Low Gross Domestic Product (GDP) per capita
3. Poor health care
4. Poor education
5. High Infant Mortality Rate (IMR)
6. Low or medium Per Capita Income
7. High dependence on agriculture
8. Underutilized natural resources
9. Different kinds of social groups reside in the country
10.Dualistic economy
Underdeveloped countries
1. Rate of employment is very low
2. Lowest Gross Domestic Product (GDP) per capita
3. Poor health care
4. Low level of education system
5. High Infant Mortality Rate (IMR)
6. Very Low or medium Per Capita Income
7. Have a poor government

Fiscal policy involves the government changing tax rates and levels of
government spending to influence aggregate demand in the economy.
Monetary policy involves changing the interest rate and influencing the money
supply.