Foreign Direct Investment in Ireland under Consideration of the Financial Services Sector in particular

Foreign Direct Investment in Ireland under Consideration of the Financial Services Sector in particular
Author: Andreas Epperlein
Publisher: diplom.de
Total Pages: 62
Release: 2005-07-13
Genre: Business & Economics
ISBN: 3832488766

Inhaltsangabe:Abstract: This dissertation examines the critical importance of foreign direct investment in the growth of Ireland. It explains the reasons for Ireland s success and identifies the key steps in the history. The analysis is carried out in terms of the role of the Irish government policy in promoting foreign direct investment. Without the influence of foreign direct investment inflows, the economy would not have grown to the extent as it has. This paper will also show how important foreign direct investment is for the Irish economy in the future. The paper describes several theories about foreign direct investment. It addresses the advantages and disadvantages. More in depth this paper investigates the determinants of financial services sector investments abroad. It will also be shown how the Industrial Development Authority as an agency and the International Financial Services Centre contributed to Ireland s success. The example Hypo Real Estate Bank International illustrates how an investment in Ireland succeeded. This paper should attract readers with an interest in the Irish history and economy, in the role of foreign direct investment for a country s economy, or in financial services sector investments abroad. Introduction: O Connor and Forde (2003) refer to George Bernard Shaw, who quipped in the 1930s, that he hoped to be in Ireland on the day the world ended, because the Irish were always 50 years behind the times. Over 70 years later, the same can not be said. With an economy growing at a rate consistently above the EU average, Ireland is one of the most favoured locations for foreign direct investment in Europe by multinational corporations. Ireland has been transformed over the recent years. It has witnessed an economic miracle. There has been significant discussion in the business, academic, and popular press about the Celtic Tiger . Since 1987, there has been a sustained and well-balanced economic boom. This remarkable performance has been in complete contrast to the former development since the foundation of the state in 1922. The boom has changed the country. Ireland has become one of the leading European countries in economic development. One major reason for the success was the change in legislation and thus, a huge increase of foreign direct investment in Ireland followed by economic growth and wealth. After the introduction, chapter two starts with a description of the recent economic development in Ireland. [...]

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries

Foreign Direct Investment in the Real and Financial Sector of Industrial Countries
Author: Heinz Herrmann
Publisher: Springer Science & Business Media
Total Pages: 384
Release: 2003-03-19
Genre: Business & Economics
ISBN: 9783540005100

A collection of papers on the determinants and consequences of foreign direct investment (FDI) in the real and financial sectors of industrial countries. The text sheds new light on the determinants of FDI, in particular the role of governmental incentives. Another main topic is the role of FDI in the east European accession countries. It provides insights into the question of whether EU enlargement will have consequences for capital flows into those countries. Since the start of European monetary union, the discussion on cross-border mergers in the European banking industry has intensified. The final part of the book contains contributions to this debate.

Corporation tax in Northern Ireland

Corporation tax in Northern Ireland
Author: Great Britain: Parliament: House of Commons: Northern Ireland Affairs Committee
Publisher: The Stationery Office
Total Pages: 252
Release: 2011-06-09
Genre: Business & Economics
ISBN: 9780215560001

The committee supports the principle of devolving to the Northern Ireland Executive the decision over whether or not to amend the rate of corporation tax, and believes this would assist the indigenous private sector to expand, innovate and employ more staff. The report uses 12.5% as a benchmark for the lower rate of corporation tax, but suggests that on the basis that the decision is devolved to the Northern Ireland executive it may, in due course, choose a lower rate. To maximise the benefits of a lower rate, though, continued progress needs to be made on other economic development policy mechanisms, including planning, education, and incentives for research and development and exporting. Low corporation tax is not a panacea for all Northern Ireland's economic ills, warns the committee, and there are considerable implementation issues: direct comparisons with the Republic of Ireland and its experience with 12.5% are difficult because the UK and Irish tax systems are different; and the UK Government would have to satisfy the criteria laid down in the Azores judgment for the tax reduction to satisfy EU rules on state aids. The committee was surprised to discover HM Treasury do not know how much corporation tax is raised in Northern Ireland. It is important that the Northern Ireland Executive has as much information as possible before deciding if, and how, it wishes to lower the rate, and at least a better idea of the amount of financial risk they are taking on. Furthermore, the benefits of lowering corporation tax must not be outweighed by the costs to businesses and HMRC.

Liberalizing Financial Services and Foreign Direct Investment

Liberalizing Financial Services and Foreign Direct Investment
Author: L. Páez
Publisher: Springer
Total Pages: 276
Release: 2015-12-04
Genre: Business & Economics
ISBN: 0230316824

This book focuses on the relationship between FDI and financial service liberalization in the context of the WTO. By conducting an economic assessment on the extent of GATS liberalization in commercial banking it seeks to empirically clarify if the multilateral liberalization efforts under the WTO promote FDI.

Policy Competition and Foreign Direct Investment in Europe

Policy Competition and Foreign Direct Investment in Europe
Author: Philip Raines
Publisher: Routledge
Total Pages: 160
Release: 2018-08-20
Genre: Social Science
ISBN: 0429829248

First published in 1999, this volume recognised how widespread attention has been given to charting how the global rise in investment flows has caused numerous changes in the operation of economies – such as the globalisation of production and increasing international economic interdependency. Less research has been made on the role of government policy in promoting FDI. This book, based on a report for the OECD Development Centre, examines the rising competition between European governments to attract mobile investment projects and its impact on the use of different policy areas to influence FDI decisions.

The Committee on Foreign Investment in the United States (CFIUS).

The Committee on Foreign Investment in the United States (CFIUS).
Author: James K. Jackson
Publisher:
Total Pages: 0
Release: 2016
Genre:
ISBN:

This report discusses the Committee on Foreign Investment in the United States (CFIUS) comprising nine members, two ex officio members, and other members as appointed by the President representing major departments and agencies within the federal executive branch. While the group generally has operated in relative obscurity, the proposed acquisition of commercial operations at six U.S. ports by Dubai Ports World in 2006 placed the group's operations under intense scrutiny by Members of Congress and the public.

Screening Foreign Direct Investment in the EU

Screening Foreign Direct Investment in the EU
Author: Jens Velten
Publisher: Springer Nature
Total Pages: 371
Release: 2022-07-19
Genre: Law
ISBN: 3031056035

Foreign Direct Investment (FDI) from third countries—a desirable form of investment to boost the EU’s economy or a threat to important EU and Member State interests that must be mitigated via FDI screening mechanisms? FDI screening is a complex, controversial and highly topical subject at the intersection of law, politics and economics. This book analyzes the political rationale behind FDI screening in the EU, reveals the legal limitations of current FDI screening mechanisms based on security and public order, and identifies legislative options for broader screening mechanisms in accordance with EU and international economic law. In particular, the book identifies the four main concerns in the EU regarding FDI from third countries: distortive competition effects; the lack of reciprocity on FDI treatment between the EU and the investor’s home country; objectives of the investor or their home country that may be detrimental to EU interests; and safety of private information. On this basis, the book analyzes the Screening Regulation (Regulation (EU) 2019/452) and its newly introduced screening ground “security or public order” and asks whether this and other similar screening grounds based on the notions of security, public order and public policy can address these concerns with regard to foreign investors. Based on an analysis of WTO law and EU primary law, it argues that they cannot. Thus, the question arises: Do the EU and Member States have the flexibility to adopt broader FDI screening mechanisms? To answer this question, the book examines the freedoms of capital movement and establishment in EU primary law, as well as various sources of international economic law such as, first and foremost, the WTO’s General Agreement on Trade in Services, but also other bi- and plurilateral trade and investment treaties, including the EU-China Comprehensive Agreement on Investment. In closing, the book identifies various legislative options for broader FDI screening mechanisms—and their shortcomings.

Service Economies In Europe

Service Economies In Europe
Author: Wolfgang Ochel
Publisher: Routledge
Total Pages: 145
Release: 2019-07-11
Genre: Political Science
ISBN: 1000311252

This book is about the growth and the role of services in the overall growth of the European economy to develop an adequate framework for assessing the service sector and for making policy recommendations. It aims to take stock of the existing knowledge and gaps in producer services.