The Economy of Ireland

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Economics of Ireland The republic of Ireland lies to the East of England and Wales with an estimated population of about 4.5 million. Its well infrastructure in terms of communication and ICT, stable legal system, low corporate tax and other incentives have been put in place through the Industrial development Agency (IDA) have been attracting foreign investments. Ireland has most of the world's best financial firms and a young highly skilled and available labour force that can be utilized by the foreign investors. Investments can be categorized as Foreign Direct Investment (FDI) and Foreign Indirect Investment (FII), where Foreign Direct Investment is venturing into an economic activity outside the economy of the investor. It is referred to as Direct Investment because the investor whether as a person or as a company has a direct long term interest in another country's company either through purchase or building and getting involved in the management and control of the operations. An investment qualifies as an FDI when the investor has acquired the voting rights by obtaining 10% of the issuer's common stock. Foreign Indirect Investment (FII) refers to an investment made by acquiring securities which are inform of stocks or bonds and other valuable papers issued by either a company or another country's government through intermediary financial rulings and the investor has no direct control in its operations (Nguyen V., 2011). Benefits of Foreign Direct Investments to
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