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Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies

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  • Frances Ruane
  • Peter J. Buckley

Abstract

The increasingly important role of multinational enterprises (MNEs) in the global economy is linked to questions of how the foreign direct investment (FDI) they control impacts on overall economic activity in the recipient countries. Of specific interest is the policy context in which such FDI flows into the developing country and how a government can influence the impact of those flows. This paper reviews some of the literature in two key contextual areas, namely, when the host country policy regime promotes FDI selectively, and secondly, where it promotes the creation of industrial clusters. It explores the insights of this literature for the development of the strong MNE sector in the Irish economy and draws lessons from the Irish experience for emerging economies.

Suggested Citation

  • Frances Ruane & Peter J. Buckley, 2006. "Foreign Direct Investment in Ireland: Policy Implications for Emerging Economies," The Institute for International Integration Studies Discussion Paper Series iiisdp113, IIIS.
  • Handle: RePEc:iis:dispap:iiisdp113
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    1. V.N. Balasubramanyam, 2008. "Foreign Direct Investment," Chapters, in: Amitava Krishna Dutt & Jaime Ros (ed.), International Handbook of Development Economics, Volumes 1 & 2, volume 0, chapter 39, Edward Elgar Publishing.
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    3. BARRIOS, Salvador & BERTINELLI, Luisito & STROBL, Eric, 2003. "Multinationals and local indigenous development," LIDAM Discussion Papers CORE 2003005, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    4. Swann, G. M. Peter & Prevezer, Martha & Stout, David (ed.), 1998. "The Dynamics of Industrial Clustering: International Comparisons in Computing and Biotechnology," OUP Catalogue, Oxford University Press, number 9780198289593.
    5. Wagner, Alfred, 1891. "Marshall's Principles of Economics," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 5, pages 319-338.
    6. Yingqi A. Wei & V. N. Balasubramanyam (ed.), 2004. "Foreign Direct Investment," Books, Edward Elgar Publishing, number 3169.
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