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Ireland’s Overdependence on Foreign Investment | Cork News

Ireland’s Overdependence on Foreign Investment | Cork News

Published 12 hours ago
Description

Ireland’s small and medium businesses are sounding the alarm as the country’s heavy reliance on foreign investment threatens economic stability—warning that without urgent action, a sudden shift by multinationals could cripple the economy. Despite year-long lobbying, government inaction persists, with Isme’s CEO Neil McDonnell calling for a national emergency response to boost homegrown firms. He urges policies mirroring Italy’s post-crash success: targeted tax incentives for training and accelerated digitalization. McDonnell also argues the national training fund should prioritize upskilling mid-career workers over higher education, ensuring Ireland’s workforce stays competitive amid AI disruption. Isme is ready to hear counter-proposals—but demands a concrete plan to reduce dependence on foreign capital before it’s too late.

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