[lbo-talk] EU Still Not the US

Dennis Redmond dredmond at efn.org
Thu Sep 9 17:50:04 PDT 2004



> French automotive and textile
> production is moving out of France to Eastern Europe and Asia.

Some assembly is moving; automotive electronics and high value-added is staying. The EU has been very, very careful not to let its industrial base fall apart. So far, high-tech job creation has balanced out job destruction. Maybe this will change, but it hasn't happened yet.

-- DRR



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