Ireland's aggressive integration into the EU, what's behind Ireland's rapid growth?

Irish **** and the army and the plague, it seems to happen to be a true reflection of Ireland's sadness. Because at that time in the British "black shadow", Ireland not only in the European political arena is unknown, in the economy is also a long time in poverty and backwardness. In fact, until the 1970s, Ireland was still an underdeveloped country with agriculture as the mainstay, and was known as "Europe's beggar" or "Europe's countryside".

But, since the 20th century 90 era to the present, Ireland's economic development has developed rapidly, the average annual growth rate of GDP exceeded 7%, the maximum growth rate of 9.2%, a leap into the EU average GDP ahead of our country. According to the International Monetary Fund's statistical analysis in 2017, Ireland's per capita GDP has exceeded 70,000 U.S. dollars, in the "more than 1 million yuan of population in our country" in the average GDP is only second to Switzerland and Norway, while at the same time the United Kingdom's per capita GDP is still short of 40,000 U.S. dollars. Ireland has become a rapidly developing capitalist society. It is a member of the European Union, the Organization for Economic Cooperation and Development, the World Trade Organization and the United Nations. It is also one of the fastest growing economies in the world, and has earned the nickname "Europe's Little Dragon" for its economic development.

In the 1990s, Ireland has been a proactive member of the European Union (EU) and has been integrated into the world economy through the EU. With the signing of the Maastricht Treaty in 1993 and the implementation of the European program in 1999, the European single market was basically created. In addition, relying on the special relationship with the United States, Ireland has gradually become the main bridge between the United States and the European Union, the two major economic powers. A large number of multinational corporations have opened their head offices or subsidiaries in Ireland, which has turned Ireland into a bastion of inputs from all over the world. With the strong pro-market advantage industry, Ireland has also become one of the world's most open economic powers.

Dublin, the capital of Ireland, is just like the Tiananmen Square and the Great Wall that everyone subconsciously remembers when they mention Beijing. Few people pay extra attention to the rest of their own country, not to mention caring about the local investment potential. In fact, Ireland's investment potential is not just in the city of Dublin, but also in the south-west of the country, which we have been ignoring. In the 2020/2021 foreign direct investment rankings published by FDI magazine, Ireland's south-west region has won the seventh place in the "European small and medium-sized regions for future investment" rankings, "very high potential for investment in the region" honor, based on the outstanding business goodwill and economic development prospects. The first is the "Battle of the Bulge", which is the first of its kind in Europe.

With several multinational corporations investing in projects in the southwest region of Ireland, the place has gradually developed into a cluster of cutting-edge technology in many industries, especially in the diagnostic and treatment, bioscience, information and communication technology (ICT) and business operation services and other industries. In recent years, Ireland's southwest region is continuing to focus on the development of cutting-edge technology and innovation, and is fully committed to strengthening Ireland's information and communications technology industry in the world's core area of influence. Apple, Huawei, Qualcomm chips and other major high-tech enterprises to the place tend to be over-ambitious, one after another project investment in the creation of technology research and development centers. Small, medium and large high-tech enterprises in the place to help the successive ovulation landing type, and then constitute a project investment attraction of high-tech industry cluster.

In December last year, China's Zhejiang Netnew Hengtian Software Co., Ltd.'s fifth branch of Horizon8 opened site in Cork, listed as the establishment of the European headquarters, means that China's high-tech enterprises to the surrounding industrial ecosystem of the affirmation. In addition, the healthcare industry is another major flashpoint for the South West region of Ireland. It is in the southwest of Ireland that industry-leading medical technology company Pivotal Pharma has opened up its biopharmaceutical business processes for the world. The enterprise in Ireland to create 7 various branches, 5 are located in the southwest region, for diagnostic research and development and entrepreneurial innovation projects. As want to love has been 50 years of project investment in human history of the world's microbiological pharmaceutical giants, Pfizer in 1969 in the southwest region of Ireland set up the first Irish base, not only to promote the development of the pharmaceutical industry in this region, but also carries Ireland's biopharmaceuticals from the new to flourish in the development of the course.

Preferential tax incentives is one of the key factors of Ireland's average GDP continues to rise. According to PricewaterhouseCoopers "PayingTaxes2019" report, the integration of total tax revenue, corporate profits, hiring tax and other elements of the global tax system of different countries to carry out a comprehensive assessment, Ireland's business tax system is the best in Europe, the world's fourth. Ireland's corporate income tax rate is only 12.5%, much lower than the European average of 23.2%.