Ireland ‘top global destination’ for US investment

Ireland has become the top destination for US multinational investment and the economic bond between the countries is only likely to intensify, according to a leading Wall Street economist.

In a report on the economic relationship between Ireland and the US, compiled for the American Chamber of Commerce Ireland, veteran Wall Street global economist and strategist Joseph P Quinlan said Ireland has “done a very good job of aligning itself with key future growth drivers” in attracting investment from the leading lights of the digital economy.

Mr Quinlan said this kind of move, and ‘micro’ factors such as ease of doing business, good infrastructure and skills, and respect for intellectual property rights has boosted Ireland above and beyond its attractive corporate tax rate.