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The free market bites both ways

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May 2006

Recent unrest in France is evidence of the challenges Europe faces in regenerating its industries as globalization swings in favor of emerging market competition

There have been contrasting reactions of both governments and public in China and Europe to the problems posed by the global market. While China has been on a relentless march towards commercial engagement for over 20 years, it often seems that some European countries would rather opt out of the international economy.

In the past month, the French government has once again failed to push through economic reform in the face popular strikes and demonstrations. The focus of the recent ...

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