We should not forget that the deterioration in France's foreign trade is with developed OECD countries

There is often talk about the negative impact on France of globalisation and the opening-up of trade with emerging countries. However, the trend in the French trade balance shows that its deterioration is with other developed OECD countries, not emerging countries, and not oil-exporting countries. This means that: France's problem is a problem of competitiveness (cost and non-cost) against other developed countries, not against emerging countries with low labour costs; Globalisation therefore has little to do with France's problems, and there is therefore little to expect from reshoring from emerging countries; It has to be understood why France is not competitive against other developed OECD countries.