The Department of the Economy has been advised to prioritize the development of a sustainable economy that aligns with international standards. This includes promoting green technology and renewable energy, as well as supporting small and medium-sized enterprises (SMEs) in developing their businesses. Additionally, the department should work closely with other government agencies to ensure that policies and programs are cohesive and effective.
The Economic Development Act 2019 also provides a framework for the implementation of policies aimed at promoting economic growth and development. The act establishes an Economic Development Authority, which will be responsible for coordinating economic development efforts across all sectors. The authority will also have the power to develop new policies and programs to support economic growth.
Furthermore, the department should consider establishing partnerships with international organizations such as the World Bank and the International Monetary Fund (IMF) to gain access to funding and technical assistance in developing sustainable infrastructure projects. This would help create jobs in local communities and promote economic growth in a more sustainable manner.
In conclusion, it is clear that promoting a sustainable economy is crucial for Ireland’s future prosperity. By prioritizing this effort and working closely with other government agencies, policymakers can create a more resilient economy that benefits everyone in Ireland.