Mervyn King, the former governor of the Bank of England, once noted: “Central banks are often accused of being obsessed with inflation. This is untrue.
Ireland’s national R&D action plan includes a number of specific targets for the country to achieve by 2010, including increasing total spending on R&D to 2.5 per cent of GNP, doubling the number of both indigenous and foreign-owned companies with minimum scale R&D and increasing the number of indigenous and foreign-owned companies performing significant R&D.