Has France’s attractiveness “really” improved?
Various developments should have led to an improvement in France’s attractiveness: The reduction in taxes on capital and capital income, which facilitates investment in corporate capital; The reduction in taxes on earnings and, above all, in corporate social contributions and production taxes, which reduces production costs; The efforts to improve skills (reform of vocational training, support for apprenticeships, support for young people in difficulty); The aid for modernisation and reindustrialisation, in the Recovery Plan and the Investment Plan. But are there any real signs of improve d attractiveness? When we look at investment, corporate modernisation investment, foreign direct investment, manufacturing employment, industrial production, foreign trade, since 2016 we see: Some signs of improvement, concerning investment, modernisation, employment and direct investment; But no improvement in industrial production or industrial foreign trade, which must be explained.