- finance happens elsewhere, no world-leading banks anymore, meaning it‘s difficult to get capital, unless you‘re big corp
- no natural ressources to speak of, so the only indirectly tradable good is ingenuity, unfortunately too little happening in tech or services
- energy prices have balooned, which costs its industrial base dearly
- China has become a testy trading partner, as they now have transfered most of the know-how to DIY
- starting a company is almost surely easier elsewhere (except for maybe France, Italy, or Spain)
- mostly mediocre universities. the best academics are typically leaving and don‘t look back.