The organization believes a growth strategy based on exports is the best way to turn the country's finances around. The government also needs to focus on restoring Ireland's international reputation, the organization said. 

To ensure competition, the IEA called for a reduction in labor costs, energy costs and transport costs. This reduction in transportation fees would include a "special user rebate system" similar to that which is currently utilized in France. In the air, the group is calling for an end to the travel tax, saying that such a move would increase export business as well as tourism.

If the IEA's growth guidelines are followed, it says the country can achieve 33 percent growth in export volume in the next four years. These guidelines include promoting Ireland as a hub, developing stronger trade ties with the Asian world, increasing funding reserved for the export business and, most significantly, creating a Ministry for Export and Trade Promotion.

“The challenges facing the Irish economy are well known, and we urgently need the new government to move rapidly to support and prioritize a sustainable enterprise base, which is competitive on world markets, to enable the required export growth target to be reached,” John Whelan, CEO of the IEA, said in a statement.