Facts, not emotion, gauge FDI’s impact on Ireland
The idea that Ireland is over-reliant on foreign direct investment is based on a misunderstanding of its role in our economy
Think, for a moment, about what might have happened if Ireland had chosen a different industrial policy in 1958. That instead of opening up to the world, attracting foreign direct investment (FDI) and placing strategic bets on international trade, we continued with the status quo. We know from history what the counter-factual looks like: Ireland was a country that was inward-looking, protectionist and poor.
I ask the question because some recent commentary suggests we are over-reliant...
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