LE FIGARO. - Does this epidemic sound like the requiem of a liberal globalization already in bad shape?
Jean-Louis BOURLANGES. - I am not sure that globalization, which incidentally has nothing to do with the pandemic, is in such bad shape. The slowdown in world trade over the past ten years is certainly not disputable. The current pandemic can only reinforce this tendency to the viscosity of the exchanges, but this one is not likely to break the structural unit of our economy-world. Two fundamental movements confirm the existence of a universal market for goods and services. On the demand side, the technical, cultural and digital unification of the world as well as the growth of a solvent middle class create on the planet a considerable consumption potential that our big companies cannot sulk: to survive it is necessary go where the customers are.
Read also: Jean-Laurent Bonnafé: "The crisis does not signify the end of globalization, but we will have to learn from it"
On the supply side, no large company can safely despise comparative advantages
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