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| Topic: |
Business
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| Number of pages / Number of words: |
16 / 4250 |
Essay's paper body
The rationale behind the attraction of FDI through grant and tax concessions was first to remove the weaknesses in technology and marketing evident in the indigenous sector for decades; second to upgrade Irish industrial skills; third to supplement the lack of Irish entrepreneurial initiative and finally (and most importantly) to contribute to the development of the indigenous industrial sector...
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It was assumed this could be achieved through the positive spillover effects from profit reinvestment and through the establishment of supply linkages between foreign and indigenous companies.
In the early 1970's most effort was concentrated on attracting the 'high tech' sectors which included the electronics and chemicals industries...
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