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1) What do you think of this idea in Ireland?
2) How could this impact the local job market?
3) What kind of brain drain happens in Canada?
4) If you chose to leave a country in the first place why would you want to return?
http://www.bbc.com/capital/story/20140310-from-expat-to-repat
This is my weekly post
ReplyDeleteI think this is a rather creative idea to attempt to boost the Irish economy. This message is advertised at the right place at the right time, capturing the market they are attempting to attract. I find that at first this does come across as a odd way to promote business, but once I thought it through it seemed like a good idea. I think ultimately it does no harm to ask people for their business in Ireland, so why not?
I think this could possibly have a great impact in the economy and job market. The program its self is already hiring locals for work. Businesses are always looking for ways to make more money and increase their sales, and this program gives them easy access to information on how to set up shop.
When the term brain drain applies to Canada, I think of it with public services. We have Canadians leave our country to make more money in a field that is limited in Canada, for example health care. Doctors can go to the U.S. where they can charge as much as they want where in Canada, that is limited from the government health care system.
I think people that would want to return to a nation applies more to people who are returning to their heritage. It could be people who had parents from that nation, and wish to return.
I defiantly agree with you, what they're doing is a great idea, bringing people in and creating jobs, you cant go wrong with that!
DeleteI agree as well. Seems to be a pretty good idea; a real win-win.
DeleteI agree Breandan. Good for the Irish! It seems like a really good idea to lure these businesses to Ireland. Not only is it helping the Irish economy but it's also helping these businessmen and providing more employment opportunities. Canada really has to step it up to compete with these other countries creative ideas or the brain drain will just continue.
DeleteI also agree, it seems like it is very beneficial for most people involved. I also thought that using the Irish heritage is a interesting idea.
DeleteI agree with you Breandan that their ideas to encourage businesses to establish themselves in Ireland is really impressive. As a country they are not only establishing new businesses, but providing new jobs for their current citizens. It sounds like a win win situation for Ireland. Although I do see how this might drain some of our investors, I would say that unless Canada can offer them a competitive offer, who could blame them for establishing in Ireland?
ReplyDeleteThis is my weekly post:
ReplyDeleteThis effort of accumulating links in business from a worldwide approach seems to be a very wise move on Ireland’s part. Like what Ruth mentioned – the end result appears to be mutually beneficial for many parties involved since more businesses will be given the opportunity to be established while the job market in Ireland specifically will end up expanding. I’ve looked a bit deeper into this phenomenon and I still can’t detect any major issues that this method might have. All in all, I am too impressed with Ireland’s execution of this program and find both their motives and their strategizing quite admirable.
Inevitably, this newfound established method impacts the local job market a great deal. With a 14% drop in GDP and an unemployment rate that hit 15% following the 2008 recession – it’s safe to say that Ireland was in dire need of some sort of master plan in order to redeem their poor economy. Bearing in mind that their nation has come to know many expats and emigrates – they cleverly used that to their advantage in order to boost their current economical standings while also enlarging the job market in the process. We can surely anticipate that many businesses will take flight thanks to these newly acquired tricks of the trade supplied by those participating in this program leading the local job market in its entirety to avail as a result.
This process known as the “Brain Drain” occurs in Canada quite regularly. It’s not just athletes or actors or any other occupation among those lines that get recruited to other countries for their craft – it’s jobs like doctors and tech specialists too. An estimated 350,000 of our own computer developers and software engineers are currently residing in California due to the luxurious offers proposed to them like a much higher pay and access to many superior collaborations that could only benefit them in that field. As a consequence, Canada is currently facing a harsh shortage in these computer technicians and it’s anticipated by 2016 we’ll be 100,100 short of tech specialists in various vital areas.
I have to agree with Breandan on this one – I think the principle reason as to why many want to return to their country is due to heritage. Many choose to leave in order to seek out more job opportunities so I think maybe them missing the culture that only their home can authentically provide is what lures them back.
The link below is an article that touches base on the issue of “The Brain Drain” phenomenon here in Canada and it also goes into further detail of some of the worker shortages we face in the technology field that I mentioned earlier:
http://business.financialpost.com/2013/07/10/why-canada-is-failing-at-tech/?__lsa=b544-2ab5
I agree with your points Kayla. This does seem to be a win-win for everyone and their doesn't appear to be a downside. They do need to do whatever they can for their economy, the 2008 recession did hit Ireland very hard.
DeleteOn your point about the brain drain, you went into greater depth than I did, and you helped me see more jobs that are 'drained' from Canada. I had no idea about all the software engineers that left Canada.