Nearly anything else is like being happy with the tune the band has started playing when you are on the Titanic.
MNCís always been used as justification for high property prices and high salaries in public sector, but actual input into Irish economy is not as big as it looks
Even all MNCís will leave Ireland, it will hit country much less then burst of property bubbleIreland has a high level of FDI as a percentage of GDP. c.75%, (GNP c.85%) compared to OECD average of 25%, Italy 20%, Spain 35%
In 2007 spend in Irish economy by IDA supported FDI is Ä15.9b of which salaries Ä6.8b, Irish raw materials Ä2.5b and Irish services Ä6.6b
IDA supported clients created 8,800 jobs in 2008, now employing circa 136,000 full time
This equates to c.6.5% of total numbers employed.