Active learning ideas
Globalisation and the role of Multinational Companies (MNCs) are defining features of the modern Irish economy. This topic explores the drivers of globalisation, such as improvements in technology and transport, and the specific factors that make Ireland an attractive destination for Foreign Direct Investment (FDI). Students evaluate the benefits of MNCs, including job creation and tax revenue, against the risks of 'footloose' capital.
Activity 01
Students research different MNCs based in Ireland (e.g., Google, Pfizer, Intel). They create posters showing their impact on local employment, infrastructure, and the 'spin-off' benefits for local Irish businesses.
What attracts MNCs to set up operations in Ireland?
Activity 02
A debate on the motion: 'Ireland is too dependent on Foreign Direct Investment.' Students must use data on tax receipts and employment to argue for or against the current economic model.
How does globalisation impact local Irish businesses?
Activity 03
Students look at the labels on their clothes or phones and trace the 'journey' of the product. They discuss in pairs how many countries were involved in making it and why companies choose different locations for different tasks.
What are the economic vulnerabilities associated with high FDI?
A few notes on teaching this unit
Watch Out for These Misconceptions
Globalisation only benefits rich countries.
While controversial, globalisation has lifted millions out of poverty in developing nations through trade. A collaborative investigation into 'Fair Trade' versus 'Free Trade' helps students see the nuanced impacts on different global regions.
MNCs only come to Ireland for the low tax rate.
While tax is a factor, MNCs also value our educated workforce, EU membership, and English-speaking environment. A 'ranking' activity where students prioritize different 'pull factors' for a tech company helps clarify this.
Methods used in this brief
International Trade and Comparative Advantage
Exploring the theories of absolute and comparative advantage and their relevance to Ireland's export-driven economy.
8 methodologies
Exchange Rates and Competitiveness
Analysing how currency fluctuations impact import and export prices, and overall national competitiveness.
8 methodologies