The answer is that FDI is a continued opportunity for this country, but we face many challenges in continuing to attract, retain and grow multinational companies.
These companies are also responsible for an estimated 80 per cent of corporation tax, and about 40 per cent of all income tax comes from employees of multinational companies.The single biggest threat to industrial development and the FDI model successfully employed here over recent decades is not a technology reset or the external environment; it is domestic complacency.
I fear that past success is now taken for granted. It appears that a future/alternate scenario where we do not have this investment is absent from the general consciousness. For those of us who grew up in the era of high unemployment in the 1970s and 1980s, we know what the alternative looks like, and those memories and the associated images are not pretty. We have seen some reminders in recent months.has ranked Ireland second out of 64 countries.