Economic Development – Developed Economy Examine the impact of two of the following on the development of footloose industries or financial services or mass tourism in a developed economy that you have studied: - Physical factors - Human factors - Political factors. - Leaving Cert Geography - Question 9B - 2022

Physical factors play a crucial role in the development of financial services in Ireland. The country’s geographical location within Europe provides a strategic advantage, making it accessible to various international financial markets. Its mild climate also creates an appealing environment for businesses. Additionally, the availability of modern infrastructure, such as transportation and telecommunications, facilitates efficient operations for financial institutions.

Human factors significantly impact the growth of financial services in Ireland. A well-educated workforce, particularly in finance and technology, is vital for the industry. Educational institutions in Ireland have developed strong programs in business and finance, producing skilled graduates. Furthermore, the multicultural workforce contributes diverse perspectives, enhancing creativity and innovation in financial service offerings. Government policies promoting high immigration levels also ensure a consistent supply of skilled labor.