COMMENT: Export engine starting to purr again

We need to get real about our priorities and our irrational prejudices, writes Jim Power.

17th April, 2014
Jim Power: Services exports are accounting for an increasingly important part of the overall trade performance and require more attention and a greater level of understanding

Ireland is the textbook example of a small open economy where external trade accounts for an inordinately large part of the economic landscape.

In 2013, exports of goods & services accounted for 108 per cent of GDP and total trade in goods and services, as in exports and imports, accounted for 192 per cent of GDP. This does signify an economy where external trade is incredibly significant by any stretch of the imagination.

Last year merchandise exports totalled...

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