Economics serving society

French luxury and international competition: a research by the Paris School of Economics

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The effects of globalisation on businesses, employment and the balance of trade are regularly at the centre of economic, social and political debate. For developed countries, especially European ones, the emerging economies – and more precisely, their industries, trade policies and even their consumers – provoke as much fear as expectation in relation to these matters.
What does the first scientific study of the luxury sector teach us? How do we explain the success of luxury firms? What are the key issues ?
By Lionel Fontagné (PSE)
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