Cherry Reynard examines the impact of the International Financial Services Centre in Dublin - and discusses the story behind its success
When entrepreneur Dermot Desmond persuaded the Irish government to create the International Financial Services Centre (IFSC) in Dublin in 1987, few could have foreseen how this would rejuvenate Ireland's ailing economy and unleash the 'Celtic Tiger'. Over the past 20 years, Desmond's vision has mushroomed and 700 businesses now operate from the IFSC. Dublin now rivals Luxembourg and other major financial centres in terms of business flows. So what is the story behind its success? Desmond is now better known for his interests in Manchester United football club and London's City Airport, bu...
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