It's a shit strategy. It's based on non existant corporation tax, fuck all regulation, a highly skilled workforce paid peanuts and direct line to the cabinet for those times when you feel the need to blackmail the state and get a higher dividend or be let off a little bit of white collar crime.
The reliance on services has bloated Dublin making it unliveable for some. Did you see that IT house porn article that in parts of D2 you need to earn over 8000 after tax to rent a place? Making Dublin the playground of the rich, while those that work there service their need to make a profit and cater for their whims. Ireland it's no more than a 'Mini Me' UK. Fuck sake Varadkar styles himself on Blair.
grit have you been out of Dublin recently? Have you been to say Dundalk? I went to the RTC there in '94, it was a good town, there was work with Harris and a few other firms, good times. Went back after Christmas it's a ghost town now.