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Econimical factors in ireland?

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Econimical factors in ireland?

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  1. factors? like issues??

    After the boom in Ireland's economy,it's now slowing a bit and Multinational companies are moving to cheaper locations with lower minimum wage and taxes such as Eastern Europe. Ireland is now moving towards a Knowledge-based economy specilising in IT,Sciences,Financial services and Research and Development.


  2. Elaborate a bit please

  3. our low commercial tax rate of 12.5%(i think)...Avg in EU is 20%(i think). We rely on big MNC's for tax revenue, and will pretty much do anything to get them here. Grants, Subsidies, low tax rates etc. We have a very highly educated workforce, and essentially a gate way to the large EU market. We also speak English, which is another factor in American MNC's setting up here.

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