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Quote by Laurent Fabius
For a long time many believed that there would be an automatic adj

For a long time many believed that there would be an automatic adjustment and counted on a rapid increase in the wages of the emerging nations, on our advances in technology and the costs of transport preventing disruption. But this reassuring analysis is out of date. – Laurent Fabius

Other quotes by Laurent Fabius

The demographic weight of countries such as China and India exercise a massive pressure on our wages and salaries. They have accomplished massive technological advances and the revolution in information technology has reduced the costs of transport. – Laurent Fabius

Category:
Technology
Author
Laurent Fabius
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The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China. – Laurent Fabius

Category:
strength
Author
Laurent Fabius
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