“Mais le pays manque d’un secteur dominant, comme la haute technologie pour la République tchèque ou le secteur automobile pour la Slovaquie”, nuance-t-elle. Les exportations du pays sont très diversifiées – appareils électriques, petites machines, automobiles bas de gamme, textiles – mais génèrent peu de valeur ajoutée.

“But the country lacks a dominant sector, such as high technology for the Czech Republic or Slovakia automotive sector,” she detailed. The country’s exports are highly diversified – electrical appliances, small machinery, low-end automobiles, textiles – but generate little value added.

Little value added — that is the major problem, n’est pas?   We have too much comparative advantage to deal with in this century.

Are you ready for global centralised capitalism?

Those who don’t have a competitive advantage can’t compete, can they, if domestic demand has little effect.

Can we crowdsource an answer region by bankrupt region?