Oireachtas Joint and Select Committees

Thursday, 1 June 2023

Joint Oireachtas Committee on the Implementation of the Good Friday Agreement

Business Opportunities and Differences: Engagement with Irish SME Association

Mr. Neil McDonnell:

I thank the Deputy. That aspect is very important to us. The media narrative gets subsumed into a discussion about the difference between GDP and GNI and analysis of unemployment rates. There are much deeper issues we should be looking at, such as lifelong learning, increasing the number of women in science, technology, engineering and mathematics, STEM, the work of the Balance for Better Business review group in seeing how we can increase the proportion of women on boards, and increasing the level of employment of people with disabilities in the economy. We are not measuring those factors because nobody says they are important. There are lots of other indicators we consider. I am a member of the National Competitiveness and Productivity Council, which looks at a lot of more meaningful metrics. We are suggesting that a social progress indicator would be a meaningful metric to develop. We do not have one yet.