Building Quote by Enda Kenny
“For years, Ireland used to have a philosophy of 'Get them in here to invest and develop in Ireland, and this will sort out our problems.' It is good in the sense of building a trade surplus, but we also want to develop what it is that we offer ourselves and that Irish companies export abroad.”
About This Quote
Source Speech: Economic Strategy Address, Ireland, 2015
Ireland focused on attracting foreign investment to boost trade surplus, but also seeks to develop domestic capabilities and export its own products.
In simple terms: Ireland wants foreign investment and its own exports.
Key Takeaway
Balance foreign investment with homegrown innovation.
Themes
economics
national development
trade
innovation
policy
Mood
optimistic
strategic
Type
policy
economic
When to use this quote
- government planning
- business development
- export promotion
- industry diversification
Key Concepts
foreign direct investment
export strategy
industrial policy
Questions to Reflect On
- How can Ireland nurture homegrown industries while attracting investors?
- What sectors should be prioritized for export?
A Different Perspective
Overemphasis on foreign investment may neglect local talent and resilience.
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