MNEs of overseas and developed nations have significantly supported the economical growth of Ireland during the era of 1970s and 80s, and in the present time this nation has obtained a significant place in the global economy. It has also been mentioned that MNEs in Ireland now stands for approx 50 % in developing employment opportunities and is also now at the middle of the spatial reformation in the manufacturing sector. Ireland has also made association with European Space Agency that has been proved to be fruitful considering the economical growth in terms of Irish companies. Ireland is supposed to become more successful in attracting foreign direct investment (FDI) and exports in the coming time that will make it financially strong, sustainable with enhanced capability of associating with developed nations like UK, US etc.
Foreign investments have played a vital role in the economic development of Ireland since the time of 1970s and today it has completely changed its complete picture. It was noticed in a study that from 1987 to 2000 Ireland has performed quite well in approx all OECD economies with the approach of FDI and expanded GNP by 140% which was much more than US economic expansion that amounted at 40%. During 1980s, establishments of community finances and price competitiveness started to improve. However, from 1989, structural funding through foreign direct investment in Ireland was made to increase SEM (Barry F, Bradley J and Hannan A 2001).