Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
How much does Ireland receive each year and from whom with FDI, what is the money used for or where is the money going to?
Expert Solution
Introduction
Foreign Direct Investment (FDI) has a significant impact on the Irish economy; it is estimated that FDI accounts for 20% of all private sector jobs in the country.
Foreign Direct Investments also provides considerable tax money for the Government, stimulates other economic activities across the economy, and aids in driving investment in research and innovation.
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