Unproductive firms the ‘weak link’ of economy

The prevalence of low-productivity domestic firms is the weak link in Irish capitalism that must be addressed to sustain the country’s economic future, it has been claimed.

The director of the Nevin Economic Research Institute Tom Healy said Ireland needs to develop a strong, efficient export-led economy which despite some notable exceptions has not yet been achieved.

“The real game is not what worked in the past or even now. It is the need to develop a strong, export-orientated, high-productivity, high-skill and resilient domestic sector enterprise sector.