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I was having similar reservations as Mig, so thanks to him for raising them 🙂

I understand that industrial FDI from big US businesses in the then mostly rural Ireland, has helped creating a professional class that is needed to run these industries (I have very competent colleagues in my employer's Irish branch). EC membership in 1973 was crucial in that respect since it was what triggered these FDI: Ireland was no longer the Irish market only, but an entryway to the whole EU market, particularly after 1992.

You are right to point out that over-reliance on foreign MNC can only get Ireland thus far, especially when it is increasingly difficult for the average citizens to feel the benefits of this outsized GDP figures; moving out of that model will be a slow process.

by Bernard on Fri Sep 10th, 2021 at 09:24:15 PM EST
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