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    Changing Patterns of International Investment: Implications for Urban Development in Ireland

    Breathnach, Proinnsias (2007) Changing Patterns of International Investment: Implications for Urban Development in Ireland. Journal of Irish Urban Studies, 4-6. pp. 21-36. ISSN 1649-1920

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    Ireland is a country which has become extraordinarily dependent on inward investment as the main driver of its economy over the last 50 years. According to the United Nations Conference on Trade and Development (UNCTAD) "transnationality index" (a composite index based on a number of indicators of the relative intensity of inward investment), Ireland has the second highest level of penetration by foreign direct investment (FDI) in the world (after Hong Kong): its index of 63.2 compares with a weighted average of just over ten for all developed countries (UNCTAD, 2006). This reflects the fact that, unlike countries such as South Korea and Taiwan, which made judicious and selective use of FDI as an aid in the promotion of their indigenous industrial capacity, in Ireland, since the introduction of the inward investment promotion policy in the l~te 1950s, the attraction of inward investment per se has been the main plank of industrial and economic policy.

    Item Type: Article
    Keywords: Changing Patterns; International Investment; Implications; Urban Development; Ireland;
    Academic Unit: Faculty of Social Sciences > Geography
    Item ID: 9199
    Depositing User: Proinnsias Breathnach
    Date Deposited: 30 Jan 2018 14:46
    Journal or Publication Title: Journal of Irish Urban Studies
    Publisher: Urban Environment Project, UCD Urban Institute Ireland
    Refereed: Yes

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