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September 06, 2007

Comments

Thierry

Hi, you can find the report (in French), here:
http://medias.lemonde.fr/mmpub/edt/doc/20070905/951341_rapport_d-hubert_vedrine.pdf

Chelnikov

The report is also in html and pdf format on the website of the Elysée Palace (home of the French President):

http://www.elysee.fr/elysee/elysee.fr/francais/salle_de_presse/2007/septembre/rapport_sur_la_france_et_la_mondialisation_par_m_huberrt_vedrine.79348.html

jmdesp

Hum, I'm not sure that there's anything that will help to make more sense of it :-)

random african

It's a political report.
As far as I know, most of Vedrine's career has been in foreign affairs. A lot of the report is about France having a more active role in the diplomatic scene.

As far as the economics, I guess it's typical of french politics too. Economic Patriotism (globalization is good when Suez gets big contracts) mixed with fears about the wages and the competition for less productive sectors (rejection of the EU constitution because of the Bolkenstein clause, uproar over Indians buying steel plants).

Don't expect it to change anything on the economic side since 1. it's not saying anything new 2. the very existence of the report is political (remember Vedrine is Socialist Party member ?)

hari

Dani-

The debate on Globalization and its impact on EU Single Market - based on principles of social market economics - gives rise to serious political
issues which not only EU Commission but also EU Parliament are wrestling with right now.

Ango-American concept of globalization - laissez-faire capitalism - is NOT acceptable to Franco-German ideological predisposition. Majority of EU-12 - linked through adoption of Euro - more or less subscribe to the Franco-German leadership.

But Vedrine's a Socialist! Sarkosy is using him to push his protectionist policies on EU Commission -and by implication on Germany:- which doesn't consider globalization as a danger to its export economy (as long as there are adequate safeguards).

I suppose, in due course, this debate will be focused in EU Parliament. Majority of its members are right-of-centre right now. However, the Socialist Bloc is very strong and led by Spain, in the Chair.

My personal view is that
impact of globalization and its economic consequences, particularly in global trade, has distorted the previous GATT arrangements, and created a specific problem for countries which adhere strongly to social market economics.

And don't forget, current head of WTO is none other than Vedrine's socialist colleague, and former head of EU Trade Commission.

Justin Rietz

Unless I am completely missing something, this is one of the most glaring pieces of doublespeak I have read in a long while.

He supports globalization (which I define as greater international economic integration), but he wants to protect France via "protection of strategic industries and the creation of European industrial champ­ions" and "regulating globalization."

I'm left confused too...

Cristian Herling

"It will be interesting to see the details, if there are any, because this summary itself makes little sense to me."
Ha, ha, ha.
It's not supposed to make any sense, it's supposed to win votes. Let's see how it fares on that front...

hari

Dani-

I suppose reason for not understanding Vedrine's report [to Sarkosy] is simply that US media doesn't really try to explain what's going on in EU - as far as globalization debate is concerned.

I've now had a chance to read his original (Fr) text.

In fact, he's saying France can indeed profit from globalization. But he wants Sarkosy to collaborate with Germany and find the right economic strategy to benefit from it.

Of course, he wants to find ways and means to protect French brands from mergers/acquisition by foreigners. Yet he's willing to compete on a level playing field - which he tries to define in national terms.

While Vedrine is reporting to French President, WTO ( under Lamy) is organizing a Public Forum on Doha and its implications (early Oct) which is interesting in terms of its agenda.

You can locate it on WTO website.

derrida derider

Cristian is right - this is populist politcs rather than any sort of economics.

But at least it might shut some of the libertarian bloggers up, who were hailing Sarkozy as "the new Thatcher".

piglet

"this is populist politcs rather than any sort of economics"

When American politicians intone their "Free Trade" mantra, is that politics or economics? Or is it religion?

JLS

"Anglo-American concept of globalization - laissez-faire capitalism - is NOT acceptable to Franco-German ideological predisposition"

Exactly : Globalization exists since the end of Middle Age , we are not against globalization but against the Americain way of
globalization :deregulation, finance more important than production, rise of unequality about wages ...
Anyway I'am optimistic I think we are near (very near 1/2 years) of the end of Neoliberal ideology.

Jean Bien

How explaining globalization to French people ? It's the aim of this video :

http://www.youtube.com/watch?v=lo8HtPKFDhw

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