Last month, The Economist published an unusual and pleasant article on France’s economic hidden successes.
Unusual because we see UK praising France (????) and a journalist writing about what works ???? instead of the usual and better selling approach of what does not work.
Despite an aversion to change, a talent for revolt and an excessive taste for taxes, France still manages to outperform its big European peers. Some highlights :
– France generates some of Europe’s lowest-carbon electricity, thanks to its nuclear industry.
– France has more companies in the global top 100 (market capitalisation), than any other European country (largely thanks to its luxury-goods giants).
– France is home to the euro zone’s most valuable bank, BNP Paribas.
– South of Paris, the government is pouring billions into an innovation cluster around Saclay, designed to become a “French MIT”.
– Four gigafactories are being built in “battery valley” in northern France. When fully operational it will make France one of the biggest electric-battery producers in Europe.
If you wish to get a copy of the complete article, direct message me and I will be happy to share a free gift copy granted by The Economist.
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Source & Image: The Economics