Date: 2024-09-27 Page is: DBtxt003.php txt00026203
FRANCE
ECONOMIC ASSESSMENT
Economics Explained: Something Terrible Is Happening in France
ECONOMIC ASSESSMENT
Economics Explained: Something Terrible Is Happening in France
Original article: https://www.youtube.com/watch?v=oUVrVEviaHo
Peter Burgess COMMENTARY
Peter Burgess
Economics Explained
Jan 28, 2024
2.46M subscribers ... 470,265 views ... 16K likes
#EconomicsExplained #FranceEconomy
France's problems arguably go back 200 years to their slow and steady approach to adopting industrialisation. While many other countries can learn from France's strong protection for workers' rights, at the moment this has made France a very uncompetitive country with some of the worst brain drain across the EU. Why work in France for lower wages when they can make so much more in the UK, Germany and the US. Is France stuck at just being the place with fancy handbags and perfumes, or can it change it's economy to stay internationally competitive?
France has been one of the most successful economies in history, but in the last decade alone it has in many ways lost what made it special in the first place for a number of unfortunate, albeit necessary, reasons.