John FitzGerald: A fair legal framework is crucial for business
Firms setting up in Ireland know under what laws they will operate
The Four Courts in Dublin. While Ireland has an independent judiciary and a legal system that generally works well, there are areas where the law makes for unnecessary cost and uncertainty for business
While factors like productivity and cost competitiveness are important for a country’s economic success, the quality of its institutions, though less easy to quantify, is also essential. Strong governance and stable well-functioning institutions underpin the world’s most successful economies.