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what other measures smaller peripheral states can take to compete with larger central states for foreign direct investment on relatively equal terms.
You make it sound like "foreign direct investment" is an unalloyed good. In the case of Ireland it mostly distorts the national al statistics ("Leprechaun economics") to the point that Ireland had to come up with it's own aggregate distinct from GDP or GNP rather that question whether its economic model made sense. Ireland's investment figures have sometimes consisted almost entirely of intra-group IP transfers of Apple or Google. That is not Irish economics activity. That is Irish enablement of creative accounting. The Irish tax take on that is a cut on the profit from tax dodging.
Without a tax advantage, all the major US corporations which have located their European HQ's in Ireland would instead have located their HQ's in Germany, France or the Benelux countries,
I submit they would have located them in the UK and, after Brexit, a substantial fraction would have moved to Ireland anyway.
and Ireland would be little more than a theme park for tourists interested in quaint provincial customs.
Is that all Ireland has to offer beside tax advantages, in your opinion?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Migeru (migeru at eurotrib dot com) on Fri Sep 10th, 2021 at 07:12:24 PM EST

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