Question: create 3 sentence response to a classmate's post Ireland has become one of the most globalized countries in the world, with an economy deeply connected
create 3 sentence response to a classmate's post "Ireland has become one of the most globalized countries in the world, with an economy deeply connected to international trade, investment, and culture. Globalization has played a major role in shaping Ireland's economic success over the past few decades. According to the Central Statistics Office, foreign-owned multinational corporations generate more than 70% of the country's total business turnover, even though they represent a small share of overall enterprises. This heavy foreign investment especially from U.S. technology and pharmaceutical companies has brought jobs, innovation, and tax revenue, helping Ireland recover from economic crises like the Great Recession. After the housing and banking collapse of 2008-2011, Ireland's strong focus on exports and attracting global businesses was key to its recovery. However, this same reliance on international firms also leaves the Irish economy vulnerable to global shocks, trade tensions, and corporate relocations. Ireland manages globalization by remaining open to trade and foreign investment while trying to address the risks that come with it. The country's low corporate tax rates, EU membership, and English-speaking workforce make it an attractive base for multinational companies. Exports of high-value goods such as pharmaceuticals, software, and medical devices have become central to the economy. The government is also working to diversify its industries and strengthen infras
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