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OECD Science, Technology and Innovation Outlook 2016

image of OECD Science, Technology and Innovation Outlook 2016

The fully revamped and re-titled OECD Science, Technology and Innovation Outlook is a biennial publication that aims to inform policy makers and analysts on recent and future changes in global science, technology and innovation (STI) patterns and their potential implications on and for national and international STI policies. Based on the most recent data available, the report provides comparative analysis of new policies and instruments being used in OECD countries and a number of major emerging economies (including Brazil, China, India, Indonesia, the Russian Federation and South Africa) to boost the contribution of science and innovation to growth and to global and social challenges. In this edition, detailed country and policy profiles are available on line.

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Ireland

Following a prolonged economic recession preceded by a severe financial crisis, determined policy implementation has restored confidence in the Irish economy and underpinned the strong cyclical recovery now underway. The Irish economy is projected to continue its robust expansion in 2016 and 2017. Both exports and business investment, which surged due to a temporary impetus by multinational enterprises, are expected to moderate but remain solid. Unemployment is still high (5), although it has declined substantially in the last few years. An important challenge is to improve long-term growth prospects by making the Irish-owned business sector more dynamic, productive and innovative, while staying attractive to foreign investors.

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