Inside the topsy-turvy world of foreign direct investment
The role of foreign companies in the Irish economy simply cannot be overstated. As anyone with even a passing knowledge of the economic history of this State knows, foreign direct investment (FDI) has been central in bringing prosperity levels closer to western European norms in recent decades. The attraction of huge amounts of FDI has been, most would not contest, among the State's great economic policy successes, if not the greatest.
Given all this, it is somewhat curious that the leading annual analysis of global FDI developments and trends got almost no coverage in the Irish media: mainstream, non-mainstream or social.
'The World Investment Report' by the United Nations Conference on Trade and Development, published 10 days ago, is the bible when it comes to FDI issues. It brings together comprehensive data, analysis of the figures and discussion of the most topical issues in the area.