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05/10/2001
DETI focus on foreign investment for NI economy
According to DETI officials Foreign Direct Investment has dramatically transformed Northern Ireland into an economy now fully engaged in the global marketplace.
The assessment by DETI Permanent Secretary Bruce Robinson, was made at the Engineering of Ireland Conference held in Killarney in the Republic of Ireland on Friday October 5.
Mr Robinson said: “Foreign Direct Investment (FDI), particularly from North America, has had a profound impact on our competitiveness. It has helped to drive higher productivity, stimulate innovation, promote exports and increase employment and the skills of our people.
“While globalisation can be a double-edged sword, as the impact of the current downturn in US technology industries on both parts of Ireland demonstrates, there is no other option that will ensure the long term growth of the Northern Ireland economy.”
However, the Secretary warned that Northern Ireland must grasp all and every opportunity to stay ahead in the global marketplace.
“Opportunity doesn't knock. Nowadays, it darts past the door at Web speed. And to remain competitive we have to be adaptable, nimble on our feet, able to react quickly and certainly faster than our many competitors on the continent and farther afield."
The Institute of Engineers of Ireland Conference 2001, entitled ‘Engineering for an island of six million people’, focused on the infrastructural development needed to sustain economic growth throughout Ireland.
The Institute of Engineers is the largest professional body in Ireland representing over 18,000 members, and aims to promote the art and science of engineering in Ireland. (AMcE)
The assessment by DETI Permanent Secretary Bruce Robinson, was made at the Engineering of Ireland Conference held in Killarney in the Republic of Ireland on Friday October 5.
Mr Robinson said: “Foreign Direct Investment (FDI), particularly from North America, has had a profound impact on our competitiveness. It has helped to drive higher productivity, stimulate innovation, promote exports and increase employment and the skills of our people.
“While globalisation can be a double-edged sword, as the impact of the current downturn in US technology industries on both parts of Ireland demonstrates, there is no other option that will ensure the long term growth of the Northern Ireland economy.”
However, the Secretary warned that Northern Ireland must grasp all and every opportunity to stay ahead in the global marketplace.
“Opportunity doesn't knock. Nowadays, it darts past the door at Web speed. And to remain competitive we have to be adaptable, nimble on our feet, able to react quickly and certainly faster than our many competitors on the continent and farther afield."
The Institute of Engineers of Ireland Conference 2001, entitled ‘Engineering for an island of six million people’, focused on the infrastructural development needed to sustain economic growth throughout Ireland.
The Institute of Engineers is the largest professional body in Ireland representing over 18,000 members, and aims to promote the art and science of engineering in Ireland. (AMcE)
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Northern Ireland WeatherToday:Storm Bert will move east through the Northern Isles today. Though weakening it will still bring strong to gale winds to many in Northern Ireland and showers to all, these frequent, occasionally heavy across northern districts. Maximum temperature 10 °C.Tonight:Strong west to northwest winds easing overnight. Showers, most frequent during the evening and in north but dwindling overnight to leave most dry and bright come dawn. Minimum temperature 1 °C.
