Political: Ireland’s 2020 Corruption Perceptions Index by Transparency International places it 20th out of 180 countries in terms of public sector corruption.
The United Kingdom’s departure from the European Union has raised political challenges regarding the Northern Ireland peace process and the administration of the Irish border, which serves as the only land border between the UK and the EU.
Economic: As a member of the Eurozone, Ireland has been actively involved in fostering growth, stability, and economic integration in Europe.
In the 2020 World Bank Ease of Doing Business Report, Ireland secured the 24th position for ease of starting a business.
Ireland stands as the 5th freest economy in The Heritage Foundation’s 2021 Index of Economic Freedom, reflecting the success of its economic policies.
Social: Ireland officially recognizes both English and Irish as its languages, but English has become the dominant language in recent times.
According to the Organisation for Economic Co-operation and Development, young Irish people are among the world’s most educated.
Social Justice Ireland reported in 2019 that more than 689,000 individuals live in poverty in Ireland, highlighting the prevalence of poverty in the country.
Technological: The Silicon Docks area of Dublin is often referred to as Ireland’s equivalent of Silicon Valley, housing major tech companies like Google, Apple, and Facebook, showcasing Ireland’s technological prowess.
Ireland is actively promoting technology-oriented education among its youth through initiatives like Technological University Dublin (TU Dublin).
The establishment of Technology Ireland, a tech business group association, underscores the substantial and well-supported tech sector in Ireland.
Legal: Ireland boasts one of Europe’s lowest corporate tax rates, standing at 12.5%.
Recent changes in Ireland’s tax legislation include incentives for intellectual property protection, reflecting the country’s commitment to safeguarding individual rights.
Irish Times Legal Affairs Editor, Caroul Coulter, has identified flaws in the Irish legal system, including high legal costs and inefficient court proceedings, which she suggests require aggressive government action.
Environmental: As part of the European Green Deal, Ireland is dedicated to formulating policies to reduce emissions and invest in Research and Development to protect Europe’s environment.
Under the European Union Effort Sharing legislation, Ireland has exceeded its 2018 annual emissions allocation by over 5 million tonnes.
While Ireland is making commendable efforts to protect the environment, its use of renewables falls short of one eighth of its energy consumption.