Oireachtas Joint and Select Committees

Wednesday, 21 February 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

IDA Ireland: Chairperson Designate

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein) | Oireachtas source

I thank Mr. O'Rourke. His opening statement referred to areas of concern. This is fair enough because it cannot all be smiles, rainbows and roses. We know there are global factors that are important to consider. Reference was made to global uncertainty. The Department of Finance recently cited a rapidly changing global economy and deglobalisation as the key trend that will transform our economy over the next decade. Mr. O'Rourke also referred to there being more attractive industrial policies in some areas from some of our competitors. I ask him to go into some detail on what those are and what we can do as policymakers to perhaps address this aspect. I am a firm believer in not reinventing any wheels. If something has been done well elsewhere and if it fits our context, there would be no reason we would not try to replicate it. Are there examples that could be pointed to or any specifics that can be elaborated on concerning this aspect?

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