Ireland and the US: Depth of Corporate Ties May Be Surprising

"Market participants are rightfully focused on the contagion of Ireland within Europe. However, the depth of US corporate ties to Ireland may surprise many investors. The value-added of majority owned affiliates of US companies account for more than a fifth of Ireland’s GDP. This is the greatest share that American affiliates account for in any country by a wide margin. In second place is Singapore, for example, and the value added of the majority owned US affiliates account for a little more than 11% of Singapore’s GDP. The US affiliates employ around 93k Irish workers (2008) half of whom are in manufacturing.

at http://www.creditwritedowns.com/2010/11/ireland-and-the-us-depth-of-corporate-ties-ay-be-surprising.html#ixzz15qKyuURa