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Anne de Guigné: “Free trade has made French consumers rich.”

2024-03-24T16:54:04.456Z

Highlights: Anne de Guigné: “Free trade has made French consumers rich” Trade with China has resulted in an annual increase in the purchasing power of the French of around 30 billion euros, but also nearly 300,000 job losses. New geopolitical tensions have given protectionism its credentials, to the point that in France LR senators voted against the ratification of the trade agreement. This article is reserved for subscribers. You have 78% left to discover. Flash sale €4.49/month for 12 months I ENJOY IT Already subscribed? Log in.


CHRONICLE - Trade with China has resulted in an annual increase in the purchasing power of the French of around 30 billion euros, but also nearly 300,000 job losses.


In 1944, at the Bretton Woods conference, the representative of the British delegation, John Maynard Keynes, despite his intellectual brilliance and his immense notoriety, suffered many setbacks.

On the monetary side, the star economist fails to convince the Americans to abandon the gold standard system and establish an international clearing house.

On the international trade side, the results seem even more frustrating.

Keynes had barely outlined his recommendations when the subject was removed from the scope of the negotiations to be reserved for future Gatt meetings, three years later.

Alas, in the meantime, the exhausted Briton had died of a heart attack.

It is difficult today not to regret that the ideas of this innovative spirit did not have more resonance.

While new geopolitical tensions have given protectionism its credentials, to the point that in France LR senators voted against the ratification of the trade agreement

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Source: lefigaro

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