France has not adapted to globalisation: Should it then adapt to globalisation (the neoliberal choice) or turn its back on globalisation?
France has suffered export market share losses, deindustrialisation, transfer of jobs to sheltered domestic services, company relocation and a low employment rate: everything indicates that it has not adapt ed to globalisation. France can then choose between two strategies: Adapt ing to globalisation, which we call the neoliberal choice: increasing skills in the labour force and among business leaders, mak ing the labour market flexible , adapt ing labour costs to ensure sufficient cost competitiveness, lowering the corporate tax burden; Turning its back on globalisation (exit the European Union, restoring tariffs and national preference, using exchange rate depreciation to restore competitiveness, etc.). Remain ing integrated in globalisation without adapt ing to globalisation, which is what France has done since the 1990s, will inevitably lead to a continuous deterioration in the economy. It is utopic to believe that other countries (United States, China, etc.) will refrain from making liberal economic choice s .