Graph 4.1 | Economic composition
Our regional enterprise base and employment profile has gone through transformation in recent years. The ESRI (2018) projects an additional 55,000 people in employment in the traded, 125,000 the non-traded, and 45,000 in the government sectors for the Region. The National Competitiveness Council (2018) however warns that “the sustainability of growth could be threatened by our heavy dependence on the performance of a narrow base of firms and economic sectors. At the same time our indigenous exporting base exports a narrow range of products and services and relies on a small number of export markets.” “To remain competitive, we need a relentless focus on innovation, export diversification, productivity enhancement and new markets. Broadening our enterprise and export base is key to ensuring our economy is resilient and adaptable. Supporting the internationalisation and market diversification of Irish enterprise would contribute to making the economy more resilient to external market shocks, such as Brexit.”
There is a need to build resilience in the face of global challenges.
Regional Economic Resilience It is an objective to sustainably develop, deepen and enhance our regional economic resilience by widening our economic sectors, boosting innovation, export diversification, productivity enhancement and access to newmarkets.
To remain competitive, we need a relentless focus on innovation, export diversification, productivity enhancement and new markets.
Southern Regional Assembly | RSES
Made with FlippingBook flipbook maker