User:Ledgepost2324/sandbox dublin

The Dublin region is the economic centre of Ireland, and was at the forefront of the country's economic expansion during the Celtic Tiger period. Dublin, Ireland has experienced an economic renaissance based on software production. In the early 1980s, Dublin, Ireland emerged as a favored location for offshore software production thanks to the availability of a large pool of college educated and English-speaking citizens who were willing to work for salaries lower than their peers in the United States and other portions of Europe. The Celtic Tiger is a reference to the economic miracle in Ireland during the 1990s.The industrial sector of the Dublin economy accounted for 35.5 per cent of the region’s total employment in 1998, largely as a consequence of the expansion and growth of high technology, modern industrial firms in Dublin and its vicinity. But the major employment growth occurred in Dublin’s service sector, which increased by almost 180,000 jobs in the region between 1986 and 1998. In 2009, Dublin was listed as the fourth richest city in the world by purchasing power and 10th richest by personal income.[69][70] According to Mercer's 2011 Worldwide Cost of Living Survey, Dublin is the 13th most expensive city in the European Union (down from 10th in 2010) and the 58th most expensive place to live in the world (down from 42nd in 2010).[71] As of 2005, approximately 800,000 people were employed in the Greater Dublin Area, of whom around 600,000 were employed in the services sector and 200,000 in the industrial sector.[72][needs update] The lack of a coherent spatial policy in Ireland is one factor in Dublin’s attraction of the lion’s share of investment in software industry. Technology and financial-services companies are powering a growth spurt in Dublin's office market. Dublin is still performing strongly in knowledge intensive sectors that will continue to demand specialist skills. Dublin will continue to act as the primary centre for high skilled workers both nationally and in terms of international migrants. Ireland is said to have resources of a nation and agility of a startup. Dublin attracts many high-tech companies in manufacturing where it seen as easier to do business. Dublin is also pushing to make itself more of a hub for startups. Last year, businesses helped create a Dublin commissioner for startups, with the goal of putting the Irish capital on the startup map.

A number of Dublin's traditional industries, such as food processing, textile manufacturing, brewing, and distilling have gradually declined, although Guinness has been brewed at the St. James's Gate Brewery since 1759. Economic improvements in the 1990s attracted a number of global pharmaceutical, information and communications technology companies to the city and Greater Dublin Area. Companies such as Microsoft, Google, Amazon, eBay, PayPal, Yahoo!, Facebook, Twitter, Accenture and Pfizer now have European headquarters and/or operational bases in the city, with several located in enterprise clusters like the Digital Hub and Silicon Docks. Companies like Intel have large manufacturing facilities in Dublin. In Dublin, an enclave of young tech employees has helped transform a derelict industrial area into one of the trendiest and most expensive neighborhoods in the Irish capital. Silicon Docks has affected urban redevelopment into a sort of smart city. Dublin, for example, is seen as one of the ‘New Global Austins’ and described as a model for a successful development of an open and cosmopolitan high-tech city. This presence of these companies has driven economic expansion in the city and led to Dublin sometimes being referred to as the "Tech Capital of Europe".[37] The growth of the Irish software sector has been particularly important in Dublin where the industry is very strongly concentrated. Dublin can in some ways be viewed as Europe’s Silicon Valley. Technical communities in places like Dublin offer a potential model for the future of work: creativity with cooperation, responsibility with flexibility, autonomy with community. Women also have more employment options because of IT firms in Ireland. Some have claimed work-life conflict in Dublin IT sector.

Financial services have also become important to the city since the establishment of Dublin's International Financial Services Centre in 1987. More than 500 operations are approved to trade under the IFSC programme. The centre is host to half of the world's top 50 banks and to half of the top 20 insurance companies.[73] Many international firms have established major headquarters in the city, such as Citibank and Commerzbank. The Irish Stock Exchange (ISEQ), Internet Neutral Exchange (INEX) and Irish Enterprise Exchange (IEX) are also located in Dublin. Dublin has been positioned as one of the main cities vying to host Financial Services companies hoping to retain access to the Eurozone after Brexit. The Celtic Tiger also led to a temporary boom in construction, with large redevelopment projects in the Dublin Docklands and Spencer Dock. Completed projects include the Convention Centre, the 3Arena, and the Bord Gáis Energy Theatre. Irish/Dublin growth could be instructive for other technology leaders.