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About LinkBacksIreland, according to research reported on on RTE.ie topped the table in terms of FDI in the area of life sciences across the whole EU. We took in 25% of Europe's share between June of last year and June this year.
Ireland, according to research reported on on RTE.ie topped the table in terms of FDI in the area of life sciences across the whole EU. We took in 25% of Europe's share between June of last year and June this year.
Private profit for public gain!
Which is good.Originally Posted by Ard-Taoiseach
But why is it good? Is it good because we have a low corporation tax, or the best scientific workforce in Europe?
And what are we doing with said research when it arrives on our shore?
In the digital hub in Dublin, I recently read resides a company who'se sole operation is domain name theft. Thats our hi-tec culture for ya.
Be that as it may, the fact that we beat the next two locations combined is quite positive. 25% of investment for 1% of the population in Europe is pretty good going.Which is good.
But why is it good? Is it good because we have a low corporation tax, or the best scientific workforce in Europe?
And what are we doing with said research when it arrives on our shore?
In the digital hub in Dublin, I recently read resides a company who'se sole operation is domain name theft. Thats our hi-tec culture for ya.
Private profit for public gain!
I think this just shows how attractive Ireland remains for fdi. Whether they come because of tax rates, skill levels or the glorious weather is besides the point. All those things are part of the "luring operation". International firms want access to the European market. The nations that can provide the most attractive entry point for that market get lots of fdi. Ireland is very successful at this. Long may it continue.
It is not 'beside the point'.
If they are only coming here for the low tax rate, then, one day, someone will undercut us.
Now, were we a country offering a dynamic, science-savvy workforce, well trained and knowledgeable, that would be far, far better wouldn't it?
That is the point.
Do you not think we're offering people like this already? There has been a huge rise in the number of people getting third-level degrees and the like in the work-force. The labour market of today is a lot smarter and more qualified than 20 years ago.It is not 'beside the point'.
If they are only coming here for the low tax rate, then, one day, someone will undercut us.
Now, were we a country offering a dynamic, science-savvy workforce, well trained and knowledgeable, that would be far, far better wouldn't it?
That is the point.
Private profit for public gain!
I have to say, to be fair to myself, I never said they only came to Ireland for tax reasons. In fact, I said that there were a variety reasons that were used to lure potential investors.
What's particualarly encouragin is that these investments we're getting are of an increasingly highly-skilled nature. We're not just getting quantity FDI, we're getting quality FDI.I have to say, to be fair to myself, I never said they only came to Ireland for tax reasons. In fact, I said that there were a variety reasons that were used to lure potential investors.
There's good news for the north-east as well. After London, Belfast is the next most popular location for life sciences in the UK. I suppose it's to do with all the highly educated boffins along the Lagan!
Private profit for public gain!
More good news:
A Eurobarometer survey reported in FinFacts today shows that young people in Ireland are far more entrepreneurial than in other European countries. The survey was designed to see why young Europeans are not as entrepreneurial as their counterparts in the US. In Europe only 45% of young people want to set up their own business, compared with 61% in the US. However, the figure for Ireland was 56%, the third highest of the 27 European countries covered, and just short of the US figure. As might be expected, the high tax countries of northern Europe produced the worst figures. Among young people, only 30% in Belgium, 34% in Norway, 35% in the Netherlands, Finland and Sweden and 36% in Austria and Denmark want to set up their own business. The UK figure was 49%
http://www.finfacts.com/irelandbusiness ... 1413.shtml
[quote=Ard-Taoiseach]Do you not think we're offering people like this already? There has been a huge rise in the number of people getting third-level degrees and the like in the work-force. The labour market of today is a lot smarter and more qualified than 20 years ago.[/quote:278cjp2p]It is not 'beside the point'.
If they are only coming here for the low tax rate, then, one day, someone will undercut us.
Now, were we a country offering a dynamic, science-savvy workforce, well trained and knowledgeable, that would be far, far better wouldn't it?
That is the point.
I hope so.
Im not stating it isn't the case, just that a little more sophisitcation than 'who cares why they are investing here, they just are' is needed.
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