This is my sequel to the article 'Leprechaun economics continue to distort Ireland's statistics' which documents the continuing multinational distortions in Ireland's National Accounts.
The focus here is on propaganda and ignorance in particular from government enterprise agencies and the media, which give a false image of the Irish economy. The national statistics office has also sowed confusion with the terms "Irish-owned" and "Native Irish" firms.
In 2019 the Organisation for Economic Cooperation and Development (OECD) reported that Ireland's SME firms (micro 1-9 employees, small 10-49 and medium 50-249) size companies dominated by domestic firms, had the lowest rate of exporters in the European Union, along with Greece.
Also in 2019 Enterprise Ireland, an Irish government agency, forecast that Irish-owned firms in the United States had created 180,000 jobs in 2017 and 2018.
This was a fairy tale!
Last June the Central Statistics Office (CSO) in a report said that in 2020 Irish-owned enterprises accounted for 27% of innovation expenditure in Ireland, while foreign-owned enterprises accounted for 73%. In October 2021 the CSO confirmed to me that Irish ownership includes mainly American Redomiciled PLC firms! They typically become Irish for tax avoidance purposes and control remains in the United States.