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Adapting the industrial policy to new challenges

COUR DES COMPTES

France has, more than its main partners, suffered from the deindustrialisation movement affecting most advanced countries. In recent times, this situation can be explained in large part by the decline in cost competitiveness that its economy suffered between 2000 and 2010, in a context when entry into the euro resulted in the weapon of competitive devaluation being lost and in which France's partners, particularly Germany, actively defended their competitiveness through wage moderation and tax reallocations.

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