U.S. chips bill purely protectionist law : French economist

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U.S. chips bill purely protectionist law : French economist

STORY: U.S. chips bill purely protectionist law : French economist DATELINE: Aug. 22, 2022 LENGTH: 00:01:12 LOCATION: Paris CATEGORY: TECHNOLOGY/POLITICS SHOTLIST: various of ParisSOUNDBITE (French): JEAN-MARC DANIEL, French economist STORYLINE: A Paris-based French economist has said that the Chips and Science Act passed by the U.S. Congress is a purely protectionist law. Jean-Marc Daniel, an economist, professor and editor of the magazine Societal said in a recent interview with Xinhua that historically all countries that turned to protectionism have been losers. SOUNDBITE (French): JEAN-MARC DANIEL, French economist "I do think that this law is a purely protectionist law. In a way, the fact of depending on the Asians, and particularly the Chinese, Japanese and Koreans, for the future of their economy and their industry is humiliating. So they are ready to make an effort. What they don't see is that it's not a question of saying but of doing and acting. And once you get down to the concrete, at the m

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