Friday 23 June 2017

We should eke more entrepreneurs out of multinationals

Galway's medical technology cluster, which includes both large multinationals and mostly smaller indigenous firms, is probably a good example of FDI's benefits
Galway's medical technology cluster, which includes both large multinationals and mostly smaller indigenous firms, is probably a good example of FDI's benefits
Dan O'Brien

Dan O'Brien

Last week this column discussed the need for a more entrepreneurial culture in Ireland and set out the hard evidence of our limited success in business. As often happens when I make this point, some people respond by suggesting that a possible reason explaining why there are too few successful Irish companies could be because foreign companies are treated more favourably.

You don't have to go far to hear folk who run indigenous businesses complain that their counterparts in multinationals have far easier access to government and officialdom.

A less-frequently made assertion is that multinationals actually squeeze home-grown businesses by sucking up resources, most notably labour.

Please sign in or register with Independent.ie for free access to Opinions.

Sign In

Don't Miss