Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Niamh Hardiman:

This is very similar to the question asked by Senator MacSharry. The World Economic Forum is picking up on the experiences of economies in preceding years. I do not have the precise metric according to which it developed its comparative rankings of countries on these indicators. I flagged the fact that it thought that there was something problematic. I have been indicating that the structure and the patterns of decision making and policy formation have been problematic and have favoured some interests over others in ways that did not prove to yield a sustainable growth model and that were problematic when it came to avoiding the accumulation of risk. That is what I was pointing to.