Ireland ranked as 2nd most globalised economy in the world
Published 26/01/2011 | 11:58
IDA Ireland has welcomed the results of the Ernst and Young globalisation index for 2010, which sees Ireland move to second place globally ahead of Singapore, Denmark and Switzerland.
Ireland now takes its place as the second most globalised economy in the world, moving up one place on last year’s rankings.
The globalisation index measures and tracks the performance of the world’s 60 largest economies in relation to separate indicators in 5 categories; openness to trade; capital movements; exchange of technology and ideas; movement of labour and cultural integration.
Commenting on the results, Barry O’Leary, CEO of IDA Ireland said, ‘‘This is an excellent recognition of Ireland’s strengths and it is particularly encouraging to see that we scored highest globally in exchange of technology and ideas.
"Ireland’s value proposition as a leading location for Foreign Direct Investment (FDI) is based on our reputation as a country that embraces open innovation and the survey result further enhances this reputation.’’