2023-11-05 12:30:17
Relocalize to revitalize the economy
The flight of industries outside French borders has contributed to a significant decline in the share of “Made in France” in domestic consumption, falling from 89% to 78% between the 1960s and 2019. This phenomenon is even more marked in the manufacturing sector, which saw its share plummet from 82% to only 32% during the same period. An alarming trend for key sectors, often dependent on fragile external supplies. INSEE points to an increased risk of vulnerability, prompting reflection on the need to diversify sources of supply and strengthen research and development.
Investment in local production is not only a question of economic security but also an opportunity for growth. “ If a manufacturing establishment producing one billion euros of added value were set up in France, the added value would increase in France by 2 billion in total », Illustrates INSEE, highlighting the positive impact of such a movement on the overall economy. The multiplier effect of such a relocation would not be negligible, generating a beneficial dynamic for suppliers and the local economy.
Employment and environment: a balance to be found for “Made in France”
In addition to the economic advantage, relocation would also be synonymous with job creation. According to INSEE calculations, such a process might generate up to 24,400 jobs, a boon for the French labor market..
But it is also on the environmental level that “Made in France” might play an unexpected card. The increase in national production would also imply an increase in greenhouse gas emissions on French territory, potentially hindering the achievement of national reduction objectives. However, ” France is characterized by an energy mix and less carbon-intensive production than its main economic partners », notes INSEE, thus positioning France as a potentially less polluting player in a context of relocated industrial production.
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#France #green #reindustrialization
