11. Ireland’s ability to attract foreign direct investment can also be attributed to increase in investment and focus on ______________.
a. land
b. Labor
c. Human capital
d. Physical capital
c. Human capital
I don't know what Human capital is and why it is the answer
Human capital refers to the skills, knowledge, and experience of the workforce in a particular country. In the case of Ireland, the country's ability to attract foreign direct investment is due in part to its skilled workforce. This includes a highly educated population, a strong talent pool in areas such as technology and finance, and a flexible labor market. Companies that invest in Ireland can benefit from this human capital by having access to a skilled workforce, which in turn can help to increase their productivity and competitiveness. Therefore, the focus on human capital has been a key factor in Ireland's success in attracting foreign direct investment.
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c. Human capital
To find the answer to this question, we need to understand the factors that contribute to Ireland's ability to attract foreign direct investment (FDI).
Foreign direct investment refers to the investment made by a company or individual from one country into a business or project in another country. Ireland has been successful in attracting FDI due to various factors, including its business-friendly environment, skilled workforce, and favorable tax policies.
Among the given options, the most appropriate answer would be c. Human capital.
Human capital refers to the knowledge, skills, and abilities possessed by individuals in a country. In the context of attracting FDI, human capital plays a crucial role as it indicates the presence of a well-educated and skilled workforce that is desirable for foreign businesses.
Ireland has invested heavily in its education system, producing a highly skilled workforce. The country has a strong emphasis on higher education and research and development, which creates a pool of talented individuals for companies seeking to invest in Ireland.
Therefore, the increase in investment and focus on human capital has been one of the key factors contributing to Ireland's ability to attract foreign direct investment.