Seanad debates
Thursday, 19 June 2003
OECD Economic Survey of Ireland 2003: Statements.
One of the OECD's most significant conclusions is that prospects for business investment will depend on the extent to which regulatory reform opens up latent business opportunities domestically and the extent to which Ireland remains an attractive location for foreign direct investment. Ireland will face competition for inward foreign direct investment from the new members of the EU. It will face competition in respect of the skill level of the workforce and cost competitiveness. However, the OECD acknowledges that the rapid improvement in infrastructure and the skill levels accumulated should help Ireland to remain an attractive location for foreign direct investment and that the enlargement of the EU is also likely to increase total foreign direct investment flows substantially. As regards infrastructural constraints, the OECD acknowledges that those are rapidly being dealt with under the national development plan.
No comments