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An Analysis on the Inward FDI Policy of Ireland

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  • Sang-Hyup Shin

Abstract

Through the 5 th and the 6 th enlargements, the EU became the largest single market in the world with the total population of 457 millions and the total GDP of €9755.4 billions as of January 1 2004. This means that the EU becomes one of the most attractive markets in the world. However there is another face of the EU market which we have to consider. The EU has strengthened the degree of its economic integration since 1957 and already reached to the stage of ‘full economic integration’ which is understood as the most protective measure for non-EU member countries To pioneer very attractive but very protective EU market, FDI is certainly one of the best available ways for non-EU member states. In particular, the EU market is very important for the countries which heavily rely on external economic relations. Korea is also a country heavily relying on external economic relations. Among the EU member countries, Ireland is one of the countries which draw the largest amount of FDI. In this study, I analyzed why Ireland has been able to draw such a huge amount of inward FDI. It was found that the main factors which Ireland used in order to draw the FDI were its very effective policies toward inward FDI and its inherited investment-related factors such as cheap, good quality and young labor forces.

Suggested Citation

  • Sang-Hyup Shin, 2007. "An Analysis on the Inward FDI Policy of Ireland," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 10(1), pages 131-150, March.
    • Handle: RePEc:sae:intare:v:10:y:2007:i:1:p:131-150
    DOI: 10.1177/223386590701000108
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    References listed on IDEAS

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    1. Salvador Barrios & Sophia Dimelis & Helen Louri & Eric Strobl, 2004. "Efficiency spillovers from foreign direct investment in the EU periphery: A comparative study of Greece, Ireland, and Spain," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 140(4), pages 688-705, December.
    2. McCarthy, F. Desmond, 2001. "Social policy and macroeconomics : the Irish experience," Policy Research Working Paper Series 2736, The World Bank.
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