secondary economic activity - Ireland

raw materials, labour and markets

secondary economic activity - Greater Dublin Area (GDA)

core region in Ireland located beside the Irish sea.

location for 25% of Irelands manufacturing industries.

Industries are dominated by Irish-owned, heavy industries and foreign Multinationals

raw materials

GDA has rich agricultural hinterland, - providing raw materials for Dublin based food and drinks secondary industry.

E.g

• growing of barley and crops for Guinness brewing industry

• growing of potatoes for Tayto

• cultivation of wheat for local bakeries, e.g Brennans

importance of raw materials - Keelings

displayed by Keeling’s fruit company - Irish MNC located in north dublin

company grows and processes fruit, vegetables and flowers for Ireland and export markets

Company has 2,000 employees and makes 300 million euro in a year

Intel - silicon disks

unlike traditional industries, modern industries import raw materials.

e.g

Silicon disks - Intel in Leixlip

chemicals - Pfizer in Grange Castle.

Labour

important to location of industry in the GDA

traditional, labour intensive, heavy industries - brewing, food processing and printing - located in the GDA because large labour force.

(explains why Guinness, Keeling’s and Brennans are here)

modern industries

have a big role in secondary activity in GDA

foreign owned multinational companies, rely modern technology

• 9/10 of the worlds top technolgy comapnies

• 50% of the worlds top banks

• 250 global financial institutions

• 10 of the worlds 20 insurance companies are located in the GDA

attraction to the GDA

• large well educated, young, English speaking workforce

• labour force is 660,400 - largest in the country

• 80% of irelands colleges/universities are here

• age profile low - 45% are under 25

• 800 overseas companies, 350 are American (e.g Google, Pfizer)

Markets

diverse - new markets

new markets = growth in high tech manufacturing, pharmaceuticals, financial services and information technology.

develop because - Ireland’s access to global markets, e.g EU markets

markets - pharmaceuticals

pharmacuetical companies - want European base for drug manufacturing and research.

Came to Dublin - Ireland’s membership of EU: access to larger consumer markets

Financial services

grown due to - strong financial hub with Europe.

Connection to the EU single market + Global Market attract many financial institutions.

e.g banks and insurance companies.

Irish Financial Service

in Dublin City: over 500 firms

• more than half of world’s top 50 banks

• top 20 insurance companies

they use Dublin - gateway to access European Single Market

→ provide service across border