Smart, smarter, smartest

Another day, another committee. Forfas has established a high-level group to identify research priorities for Ireland. The group’s composition suggests that its recommendations will be demand-driven. Research is no good, however, unless it is top class. Ireland should research those things at which it can beat the world — and import all other knowledge.

Batt O’Keeffe reminds us that economic growth and job creation are driven by technological progress but forgets that this is true in the medium- to long-term. In the short-term, other factors are more important, as reported earlier by John McManus. Ronnie O’Toole adds that it is all good and well to focus on the export sector, but that the domestic sector urgently needs to be smartened up too — through regulatory reform rather than by spending money we don’t have.