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This Economy Grew Faster Than China Thanks to Big Tech, Pharma

La Nouvelle Tribune By    As most economies in the rich world cratered last year, Ireland’s grew. Behind that success: thriving drug and tech companies, lured to the country over the years by low tax rates, that hit a sweet spot in the coronavirus pandemic. For years, Ireland has encouraged multinationals to set up shop in the tiny country by offering low corporate tax rates. Big tech companies, from Facebook Inc. to Alphabet Inc.’s Google, have established glitzy regional headquarters in Dublin, while pharmaceutical companies such as Pfizer Inc. and Merck & Co.’s international unit MSD have set up big manufacturing plants.

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