Question

Identify any crises that happened financially and economically from Ireland and how it links within the global trade and finance communities. What is Ireland's economic impact relative to the United States? Conclude with a short debriefing of Ireland's economic impact relative to the United States. Would it have been better to not have these 'linkages'? Did the linkages convey benefits or trade/economies of scale for local manufacturers? Are the crises still affecting Ireland?

Answer 1

. In 2008 there was a crises in Ireland that is the banking scandals because of the banking scandals the situation of non performing assets increased.

Bank not able to perform the functionality to recover the loans then the crash in banking industry raised in the banking industry the major banking scandals means to give false loan to the investors recorded and because of these false loans there was a situation of destruction of money supply in the economy.

This drastic situation is directly related with the Global trade and financial communities.

The concept of global trade is basically based on the investment criteria if the investment criteria will decrease then there is a situation of downfall in the export and import Strategies and policies.

There is a close relationship between the economy of Ireland and the economy of US in terms of export and import transactions.

So if the economy of Ireland faces the financial crunch because of the crash of banking and financial sector then it will affected the export and import Trade from US.

yes there is a close linkage of the trade with us and this linkage will provide closed benefit to the local manufacturers of Ireland because if there is a trade possibility from US then it is very easy for the local manufacturers of Ireland to produce the goods as per the requirement of the US buyers.

Not exactly there is the existence of crisis in the Ireland but the it is true that its affect still pursued in the global trade of Ireland.