Ireland needs to think local

Foreign investment is important, but if Ireland wants to secure a long-term economic recovery, it must focus on indigenous companies

Ian Kehoe - avatar

Ian Kehoe

13th February, 2010

What is it they say about the best laid plans? The Finance Bill, published ten days ago, offered a clear indication that the Irish government was pinning its hopes for economic recovery on the twin pillars of foreign direct investment and financial services.

However, last week, as the bill worked its way through the Dáil, a US multinational announced that it was shedding 175 Irish jobs, while a leading high-street bank declared that it was...

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