How does France withstand the deindustrialisation?
France continues to deindustrialise, leading to a deterioration in France’s industrial foreign trade. This could give rise to a problem of financing France’s external deficit and to a rise in long-term interest rates, but this is not the case . Why ? How does France withstand this deindustrialisation? Through a growing external surplus in services and net capital income received from the rest of the world; Despite a lack of steady capital inflows (in bonds, equities and direct investments).
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