Whilst quite a number of EU countries have had their sovereign credit rating downgraded in 2012, Ireland's credit rating is holding firm. Although Ireland has featured in the news, the headlines are increasingly positive.
Mike McKerr, Managing Partner, Ireland, with Ernst & Young comments,"Despite having been hit hard by the global recession the research confirms that Ireland is and is perceived to be a leader in international trade. This globalisation ranking demonstrates just how well positioned Ireland is to build on this brand and grow its fledgling trade links with the fast growing emerging economies of China and India."
Ireland was ranked 3rd in the overall index, first issued in 1995, and has never fallen out of the top three most globalised nations. It has always held solid scores in all five categories but it is in the area of exchange of technology and ideas that Ireland has performed strongest over the time period €" indeed, the index confirms that Ireland has become three times more globalised in this category alone since 1995, largely driven by its rising trade in R&D.
McKerr comments: €In the last decade Ireland has attracted a disproportionate amount of foreign direct investment in high value added export-orientated sectors. This has driven the strong growth in R&D trade and has helped underpin Ireland's top ranking in the category of exchange of technology and ideas€.
He adds €Ireland's consistently strong performance in the category of openness to movement of capital and finance has benefited from rises in foreign direct invesntment flows and portfolio capital flows since 1995. Ireland is forecast to maintain its global attractiveness into the immediate future and protect its second place ranking as the most globalised western economy.€
Ireland is the world's second most globalised nation in term of GDP, and remains the most globalised nation in the western world according to Ernst & Young's latest Globalisation Index. The report also confirms that Ireland is forecast to maintain its overall second place ranking until at least 2015.
Ireland offers a very low rate of corporate tax of only 12.5% and is the only English speaking country in the Eurozone. It also offers one of the most attractive holding company regimes in the world.
Company Bureau http://www.companyformations.ie is Ireland's leading Company Formation and Corporate Service Provider, and can incorporate an Irish Company for you in only 2-3 working days.
Mike McKerr, Managing Partner, Ireland, with Ernst & Young comments,"Despite having been hit hard by the global recession the research confirms that Ireland is and is perceived to be a leader in international trade. This globalisation ranking demonstrates just how well positioned Ireland is to build on this brand and grow its fledgling trade links with the fast growing emerging economies of China and India."
Ireland was ranked 3rd in the overall index, first issued in 1995, and has never fallen out of the top three most globalised nations. It has always held solid scores in all five categories but it is in the area of exchange of technology and ideas that Ireland has performed strongest over the time period €" indeed, the index confirms that Ireland has become three times more globalised in this category alone since 1995, largely driven by its rising trade in R&D.
McKerr comments: €In the last decade Ireland has attracted a disproportionate amount of foreign direct investment in high value added export-orientated sectors. This has driven the strong growth in R&D trade and has helped underpin Ireland's top ranking in the category of exchange of technology and ideas€.
He adds €Ireland's consistently strong performance in the category of openness to movement of capital and finance has benefited from rises in foreign direct invesntment flows and portfolio capital flows since 1995. Ireland is forecast to maintain its global attractiveness into the immediate future and protect its second place ranking as the most globalised western economy.€
Ireland is the world's second most globalised nation in term of GDP, and remains the most globalised nation in the western world according to Ernst & Young's latest Globalisation Index. The report also confirms that Ireland is forecast to maintain its overall second place ranking until at least 2015.
Ireland offers a very low rate of corporate tax of only 12.5% and is the only English speaking country in the Eurozone. It also offers one of the most attractive holding company regimes in the world.
Company Bureau http://www.companyformations.ie is Ireland's leading Company Formation and Corporate Service Provider, and can incorporate an Irish Company for you in only 2-3 working days.
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