The currency and price of goods and services in northern Ireland mean that workers can be paid much less than the rest of the island without feeling underpaid.
Northern Ireland has a much higher education standard than the rest of the UK and Belfast is becoming a growing IT hub already, attracting a lot of US FDI.
The Universities there are taking advantage of this.
Queen's University Belfast | Press Releases
"A new £7.5 million international research hub, which will bring major advances in computer hard drives, new and improved sensors and a host of advanced coatings, has opened today at Queen’s University Belfast."
Economists have long since been arguing that the automatic adoption of taxation policies from Britain are severely damaging the north's ability to attract FDI and that having a much higher corporation tax rate than the rest of the island practically writes it off as a place for investment.
"Lower corporation tax sees investors head south"
"The Republic’s low rate of corporation tax may have led to 21 international companies setting up there instead of Northern Ireland."
Lower corporation tax sees investors head south - Business News, Business - Belfasttelegraph.co.uk
The Republic of Ireland has been gaining from Northern Ireland's misfortune at having to adopt unsuitable UK economic policy.
Therefore it is safe to conclude that with all things considered the north actually has stagnant potential that is being wasted.
The region is therefore finding itself with no other option than to depend on a subsidy from Britain as a replacement for being able to create it's own successful economy
The extent to the north's potential has been raised by senior economists, accountants and business leaders who have concluded that dropping the rate of corporation tax would create an immense amount of employment, at least 90,000 new jobs.
Tax cut 'could create 90,000 jobs' - National News, Breaking News - Enniscourthyguardian.ie
Dropping the rate of corporation tax has been supported by ALL main political parties in the north but has been constantly rejected by the British government.
However there are signs that things might be changing.
Shadow Northern Ireland secretary Owen Paterson welcomed the report, saying: "They make a very coherent case for a reduced rate of corporation tax in Northern Ireland."
With the completion of the Titanic Quarter and a possible levelling of corporation tax across the island, what would this mean for the south considering the fact that the higher rate of corporation tax has been sending FDI south?
Could the north become a real danger to the Republics Economy in the future and attract investment away from the south, considering the north has a highly educated low paid workforce which could appeal more to the pockets of business investors?
Is the potential for an emerging economy in the north a threat or will it have a positive knock on effect?