And I fear that in a globalised economy, this price would ultimately be paid, again, by ordinary people. The people with whom the eponym of this lecture was so concerned. There are people who say becoming a bit worse off is a small price to pay for greater freedom. To take back control. But is that how it really works?
In the last ten years FDI inflows (1.1 percent of GDP) have been much lower than those to France (2.5 percent) or to the euro-area countries as a group (2.3 percent).