Business Irish

Thursday 19 April 2018

McCarthy takes up university post in Croatia

Peter Flanagan

Peter Flanagan

ONE of Ireland's best known economists is to take a job in Croatia, joining a growing number of Irish academics overseas.

Colm McCarthy, who authored the so-called Bord Snip Nua report and made numerous recommendations for the sale of state assets last year, has taken up a position in the economics department of Dubrovnik International University.

Mr McCarthy joins the university with immediate effect, and will lecture postgraduate students mainly as part of a course on International Political Economy.

The move is not expected to affect his day-to-day work with UCD.

The Croatia posting brings him alongside Professor Gary O'Callaghan, a Cork native who heads the International Business and Economics faculty at the university.

Financial crisis

Prof O'Callaghan is a former IMF economist who has written extensively on the global financial crisis.

In a statement, Dubrovnik International University said Mr McCarthy would have duties beyond just lecturing, and would be more generally involved in the direction and development of the school of Economics and Business.

For the past seven years, Mr McCarthy has lectured at University College Dublin and has become one of the most high-profile academics in the country since the crash.

In 2008, he chaired the Bord Snip Nua group -- officially the Special Group on Public Service Numbers and Expenditure Programmes -- which targeted areas of public spending to be cut back, while the effects of his report on selling state assets continue to be felt today.

The Government has committed to fulfilling most of his recommendations in that report, with its stake in Aer Lingus and Bord Gais among numerous state interests expected to be sold.

Irish Independent

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