Cherishing the business of the nation equally to overseas giants

The government is in love with multinationals in a volatile world. It urgently needs to pivot towards backing Irish enterprises with the enthusiasm it shows for giant corporations

An aerial view of Dublin’s docklands: ‘Loads of those well-paying jobs in the IFSC would vanish if the shadow bank sector went into a freefall’ IFSC

Courting, luring and enticing foreign multinationals to Irish shores has long been the cornerstone of Irish industrial policy. We are world leaders at it. But the sort of foreign behemoths arriving here has changed, pivoting away from the production lines and manufacturing of the Lemass and Whitaker eras into a complex age of intellectual property, profit shifting and proprietary technology.

And the technology companies that dominate the FDI space here now exert far ...