Ireland’s flagging innovation strategy needs a radical overhaul

The government must subsidise innovation, but at the moment it is spending money in the wrong fields and in the wrong way. Economic development comes in stages. Underdeveloped economies lack basic things such as security and tools. Middling economies

8th August, 2009

The government must subsidise innovation, but at the moment it is spending money in the wrong fields and in the wrong way. Economic development comes in stages. Underdeveloped economies lack basic things such as security and tools. Middling economies suffer from small markets and bad education.

Ireland launched itself from being the poorest of the rich countries to the richest on the back of excellent education and an open economy that allowed specialisation and rewarded...

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