R&D and innovation in Ireland This brings me to the subject of innovation and the importance of increasing the level of R&D carried out in this country. The link between R&D and innovation on the one hand and productivity growth on the other has been well established.
All of theses reforms will need to be nurtured carefully and it is crucial that they be supported throughout by a stable and transparent macroeconomic policy framework. 10.4 In conclusion it is reasonable to look forward to the future with confidence: and this we do.