Globalisation and the Irish Economy: Ireland extremely vulnerable to a global slowdown in either the high-tech or financial services sectors
A reduction in US investment into Ireland would have a disproportionately negative impact on the Irish economy, a study carried out by the Institute for International Integration Studies (IIS), based in Trinity College Dublin, shows.
The analysis shows that Ireland acts as a production and financial intermediary that has enormous liabilities to foreign investors and imports large volumes of goods and services but also holds very large foreign asset positions and has a spectacular export record. An important feature is that the pattern of Ireland's international economic linkages is highly asymmetric – the United States is an important supplier of capital and intellectual services, Asia is growing as a source of manufacturing imports, while intra-European flows dominate in terms of trade in final products and migration flows.
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