2024-09-13 12:45:14
TRIBUNE/ANSWOR (part 3/4)
Is the advanced technology industry beneficial?
Some economists argue that the flight of the energy industry sector outside the EU is not as important as it seems because, in terms of the industrial share of the sector of technologies enough advanced, such as quantum technologies, navigation, biotechnology and robotics, the positions of the EU and France are very healthy. In particular, in 2022, 194 companies in the field of artificial intelligence (AI) will be created in the EU compared to 160 in China and the share of the advanced technology sector in the European Union stands at around 20 % of global volume: 22%. in quantum technologies, 20% in navigation, 18% in engineering technologies and 18% in robotics (2022 data).
If, on the one hand, they are absolutely right to emphasize the increased development of the sector in question in the EU countries, they forget, however, the factor of the current financial weight of the latter vis-à -vis of the contribution to the GDP of the EU and of France in particular. And the latter is in balance compared to that of the “traditional” industry which is in the process of being dispersed on the European land.
On the other hand, it should not be overlooked that the development of the advanced technology sector in France and in Europe, in general, will be against more in the near future not the American and Chinese competition that is very important already exists, but also to the strong exponential growth of the latter on the part of China which shows great dynamism in the fields. In particular, regarding patent filings, all sectors combined, in 2023 the EU will show a growth of 2.9% compared to 8.8% in China for the same period (source: EPO).
The factors of high technological development alone do not benefit: Germany, which in 2023 has filed more certificates without comparison than France – 24,966 compared to 10,814 – is a country whose market is still entering great steps in the economic recession.
The main strength of France in the field of advanced technologies is in the area of transport / aeronautics, and, as we have already said, it is the production of transport equipment which has literally collapsed in the Hexagon – and this despite the progress of innovation accompanied by a significant registration. of patents in fields.
French trade deficit and potential
Regarding the French trade deficit, the latter is at unsustainable heights: 85.9 billion euros for the period from May 2023 to May 2024, with 8 billion euros for the month of June alone (source: INSEE ).
Indeed, Macron’s political camp can boast of having only a deficit of 85.9 billion euros compared to the complete record of 162 billion euros achieved in 2022 (source: French Customs), but there is nothing to complain about in: very important the imbalance in foreign trade will worsen because, to date and in the visible perspectives, there is no major political economic indicator that allows us to think the opposite.
Not from yesterday, but since 2006 that the French trade balance has been in the red every consecutive year without exception and the cumulative deficit over the last eighteen years has exceeded 650 billion euros.
The main underlying reasons for this major deficit are the major imbalances in the balance of trade in manufactured goods, whose French competition is weighed down by a very high level of energy costs causing production costs to explode; The strong French dependence on imported fossil fuels and, above all, the worrying inability of President Emmanuel Macron and those responsible for his executive apparatus to pursue the national economic policy and, above all all goes, a foreign policy which will not be too indifferent to the vision- à-vis the strategic interests of France which requires the reduction of the catastrophic damage on the French economy by maintaining healthy political-diplomatic relations with countries- power provider language.
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