T.K. Whitaker
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T.K. Whitaker
Thomas Kenneth Whitaker (8 December 1916 – 9 January 2017) was an Irish economist, politician, diplomat and civil servant who served as Secretary (administrative head) of Ireland’s Department of Finance from 1956 to 1969, as Governor of the Central Bank of Ireland from 1969 to 1976 and as a Senator from 1977 to 1982, after being nominated by the Taoiseach. He is credited with a pivotal role in the economic development of Ireland. Early life and education Whitaker was born in Rostrevor, a small town in the south of County Down, to Roman Catholic parents on 8 December 1916, and was reared in Drogheda, County Louth, in modest circumstances. Neither of his parents were from Ulster. His mother, Jane O'Connor, came from Ballyguirey East, Labasheeda, County Clare. His father, Edward Whitaker, hailed from County Westmeath and was assistant manager of a linen mill. He received his primary and secondary education at the local CBS in Drogheda. He studied mathematics, Celtic studi ...
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Governor Of The Central Bank Of Ireland
The Central Bank of Ireland ( ga, Banc Ceannais na hÉireann) is Ireland's central bank, and as such part of the European System of Central Banks (ESCB). It is the country's financial services regulator for most categories of financial firms. It was the issuer of Irish pound banknotes and coinage until the introduction of the Euro currency, and now provides this service for the European Central Bank. The Central Bank of Ireland was founded on 1 February 1943, and since 1 January 1972 has been the banker of the Government of Ireland in accordance with the Central Bank Act 1971, which can be seen in legislative terms as completing the long transition from a currency board to a fully functional central bank. Its head office, the Central Bank of Ireland building, was located on Dame Street, Dublin from 1979 until 2017. Its offices at Iveagh Court and College Green also closed down at the same time. Since March 2017, its headquarters are located on North Wall Quay, where the pu ...
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County Clare
County Clare ( ga, Contae an Chláir) is a county in Ireland, in the Southern Region and the province of Munster, bordered on the west by the Atlantic Ocean. Clare County Council is the local authority. The county had a population of 118,817 at the 2016 census. The county town and largest settlement is Ennis. Geography and subdivisions Clare is north-west of the River Shannon covering a total area of . Clare is the seventh largest of Ireland's 32 traditional counties in area and the 19th largest in terms of population. It is bordered by two counties in Munster and one county in Connacht: County Limerick to the south, County Tipperary to the east and County Galway to the north. Clare's nickname is ''the Banner County''. Baronies, parishes and townlands The county is divided into the baronies of Bunratty Lower, Bunratty Upper, Burren, Clonderalaw, Corcomroe, Ibrickan, Inchiquin, Islands, Moyarta, Tulla Lower and Tulla Upper. These in turn are divided into civil parishes, ...
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Taoiseach
The Taoiseach is the head of government, or prime minister, of Republic of Ireland, Ireland. The office is appointed by the president of Ireland upon the nomination of Dáil Éireann (the lower house of the Oireachtas, Ireland's national legislature) and the office-holder must retain the support of a majority in the Dáil to remain in office. The Irish language, Irish word ''Wiktionary:taoiseach, taoiseach'' means "chief" or "leader", and was adopted in the 1937 Constitution of Ireland as the title of the "head of the Government or Prime Minister". It is the official title of the head of government in both English and Irish, and is not used for the prime ministers of other countries, who are instead referred to in Irish by the generic term ''príomh-aire''. The phrase ''an Taoiseach'' is sometimes used in an otherwise English-language context, and means the same as "the Taoiseach". The current Taoiseach is Leo Varadkar, Leo Varadkar TD, leader of Fine Gael, who again took offic ...
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Thomas Kinsella
Thomas Kinsella (4 May 192822 December 2021) was an Irish poet, translator, editor, and publisher. Born outside Dublin, Kinsella attended University College Dublin before entering the civil service. He began publishing poetry in the early 1950s and, around the same time, translated early Irish poetry into English. In the 1960s, he moved to the United States to teach English at universities including Temple University. Kinsella continued to publish steadily until the 2010s. Early life and work Thomas Kinsella was born on 4 May 1928 in Inchicore to Agnes (Casserly) and John Kinsella. He spent most of his childhood in the Kilmainham/Inchicore area of Dublin. He was educated at the Model School, Inchicore, where classes were taught in the Irish language, and at the O'Connell Schools in North Richmond Street, Dublin. His father and grandfather both worked in Guinness's brewery. He entered University College Dublin in 1946, initially to study science. After a few terms in college, he ...
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White Paper
A white paper is a report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. A white paper is the first document researchers should read to better understand a core concept or idea. The term originated in the 1920s to mean a type of position paper or industry report published by some department of the UK government. Since the 1990s, this type of document has proliferated in business. Today, a business-to-business (B2B) white paper is closer to a marketing presentation, a form of content meant to persuade customers and partners and promote a certain product or viewpoint. That makes B2B white papers a type of grey literature. In government The term ''white paper'' originated with the British government and many point to the Churchill White Paper of 1922 as the earliest well-known example under this name. Gertrude Bell, the ...
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Protectionism
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the Import substitution industrialization, import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold Economic nationalism, economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectioni ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are inte ...
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Birth Rate
The birth rate for a given period is the total number of live human births per 1,000 population divided by the length of the period in years. The number of live births is normally taken from a universal registration system for births; population counts from a census, and estimation through specialized demographic techniques. The birth rate (along with mortality and migration rates) is used to calculate population growth. The estimated average population may be taken as the mid-year population. Natality is another term used interchangeably with 'birth rate'. When the crude death rate is subtracted from the crude birth rate (CBR), the result is the rate of natural increase (RNI). This is equal to the rate of population change (excluding migration). The total (crude) birth rate (which includes all births)—typically indicated as births per 1,000 population—is distinguished from a set of age-specific rates (the number of births per 1,000 persons, or more usually 1,000 femal ...
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Emigration
Emigration is the act of leaving a resident country or place of residence with the intent to settle elsewhere (to permanently leave a country). Conversely, immigration describes the movement of people into one country from another (to permanently move to a country). A migrant ''emigrates'' from their old country, and ''immigrates'' to their new country. Thus, both emigration and immigration describe migration, but from different countries' perspectives. Demographers examine push and pull factors for people to be pushed out of one place and attracted to another. There can be a desire to escape negative circumstances such as shortages of land or jobs, or unfair treatment. People can be pulled to the opportunities available elsewhere. Fleeing from oppressive conditions, being a refugee and seeking asylum to get refugee status in a foreign country, may lead to permanent emigration. Forced displacement refers to groups that are forced to abandon their native country, such as by ...
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Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is people above a specified age (usually 15) not being in paid employment or self-employment but currently available for Work (human activity), work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * new technology, technologies and inventions * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * Policy, policies of the government * regulation and market (economics), market Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can influ ...
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Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ...
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Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ...
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