Invest in education and R [and] D – Barrett – The Irish Times – Tue, Feb 09, 2010
How often does this need to be said?
IRELAND IS distinctly average, and average is no longer good enough, according to former Intel chairman Craig Barrett.
The man credited with bringing Intel to Ireland over 20 years ago was addressing the Royal Irish Academy in Dublin last night.
A crowd of 600, the highest in the history of the academy according to its president Prof Nicholas Canny, heard Dr Barrett deconstruct the notion that Ireland could recreate its Celtic Tiger economy simply by cutting its costs.
Competitiveness in the modern world, he stated, was a function of three concepts – smart people, smart ideas and the right environment. The rapid emergence of players such as China, India, Latin America and eastern Europe on the world economic stage meant countries with high standards of living, like Ireland, must concentrate its efforts on high value-added jobs.