Ireland ahead of UK and behind Germany, Norway and Denmark
The US, Hong Kong and Singapore are the top dogs according to the International Institute for Management Development (IMD) World Competiveness Yearbook 2015. The US has been in the number one slot for a few years and it is as a result of its strong business efficiency and financial sector, its innovation drive and the effectiveness of its infrastructure. Switzerland are in 4th slot, losing two slots from last year.
Income Inequality is causing a problem.
The World Economic Forum is taking place in Davos-Klosters in Switzerland this week on 21st until 24th January 2015. Our own Taoiseach, Enda Kenny, is speaking at it.
You can see a video at the end of this article. Go to 6.15 and 38.30 for Mr Kenny. There are five reports for you to download at the end of the article just above my photo.
The Global Agenda 2015 features an analysis of the Top 10 trends which will preoccupy experts for the next 12-18 months as well as the key challenges facing the world’s regions, an overview of global leadership and governance, and the emerging issues that will define our future. The 10 trends are:
An intriguing story of real life money – big money.
Once upon a time, Ireland borrowed €86 Billion. It bailed out banks, propped up the economy, paid for the overspending in the public service and generally kept the country afloat. It has met all its repayments and is choosing not to default on anyone.
Eaten bread is quickly forgotten.
Once upon a time, 1953 to be exact (the year I was born), Germany owed 32 Billion Marks from before the second World War (in fact as a result of the First World War) and after it, to governments and private sources.
Between 27th February and 8th August 1953, there were discussions to try to reduce that debt. The 26 parties that were involved included Belgium, Canada, Denmark, France, Great Britain, Greece, Iran, Ireland, Italy, Liechtenstein, Luxembourg, Norway, Spain, Sweden, Switzerland, South Africa, the United States, and Yugoslavia and others. The states of the Eastern Bloc were not involved.