When we think of foreign direct investment, we think to focus on tech multinationals and pharma plants. This is not surprising. The two sectors have been the bedrock of Ireland’s industrial policy for decades now, employing tens of thousands of people and driving the corporation tax take further and further into the fiscal stratosphere. But the battle to attract and retain foreign direct investment is becoming more and more hard fought. In its recent pre-budget submission, the employers’ group Ibec correctly identified that “state-driven competition, geopolitical tensions, and reduced trade openness” were challenging small countries like Ireland.  The IDA, meanwhile,…

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