Vol. 561 No. 4
132 Mr. Durkan asked the Tánaiste and Minister for Enterprise, Trade and Employment if she has satisfied herself that the economy is in a position to retain its competitive edge; if she proposes measures to enhance the economic situation; and if she will make a statement on the matter. [4525/03]
The annual competitiveness reports, produced by the National Competitiveness Council, comprehensively survey the competitive position of the Irish economy on the international stage. These reports examine key competitiveness issues, presenting a picture of the unfolding competitive position across the economy.
The 2002 report confirmed many of Ireland's strengths but the council also highlighted the many challenges we face and the difficult choices we have to make as we face an uncertain economic environment. The key areas highlighted by the council as being of concern were: prices and costs – the rapid rise in non-employment costs and consumer prices; employment costs, productivity and social partnership – the rapid rise in wage costs in recent years; infrastructure – the infrastructure deficit across the country and the costs resulting from this.
Both the domestic economy and the global economy face difficult times ahead. Given that Ireland is one of the most open economies in the world, it is important that steps are taken to position the economy to maximise the benefits and growth potential from any upturn in the global economy. Renewing competitiveness both within the domestic economy and on the international stage has also been identified by the National Economic and Social Council, NESC, as vital, and that is the reason I have ensured it has been factored into the recent discussions on a successor to the Partnership for Prosperity and Fairness.
