The French Economy

The French economy is a major global economy, but it remains different from its neighbors, particularly Germany and the UK, in several important respects. This general economic history of modern France provides an authoritative analysis of the workings of the modern French economy since its postwar reforms through to the present day, exploring the monetary and fiscal policies of successive governments and the country's economic performance through a variety of indicators. It also considers the attempts by the state to correct regional imbalances, mitigate the dominance of Paris, and the parts played by demographic change, migration, inequality, and the European project in French economic development.

Format: Hardback
Length: 240 pages
Publication date: 02 September 2021
Publisher: Agenda Publishing

The French economy, often misunderstood by English speakers and subject to criticism in the English-language financial press, stands as a significant global force. For years, it has been characterized by a unique economic model that involves government intervention to address market failures and ensure stability. However, as France has embraced the global market, its economy has gradually converged with the Western norm, though it still retains distinct differences from its neighbors, particularly Germany and the UK, in several key aspects.

This comprehensive economic history of modern France, the first in English for nearly two decades, offers an authoritative examination of the French economy since its postwar reforms to the present day. The book delves into the monetary and fiscal policies of successive governments and evaluates the country's economic performance using a range of indicators. It particularly explores the efforts made by the state to address regional imbalances resulting from the contraction of agriculture and the decline of historically significant industries, as well as mitigating the dominance of Paris. Additionally, the book examines the roles played by demographic change, migration, inequality, and the European project in shaping French economic development alongside the strength and competitiveness of key industries such as finance, energy, and transportation.

The French economy has undergone significant transformations over the years, reflecting both internal and external factors. The country's industrial sector, once dominant, has faced challenges, leading to a shift towards services and knowledge-based industries. This transition has been driven by technological advancements, global competition, and government policies aimed at promoting innovation and entrepreneurship. France has also made significant strides in addressing social issues, such as income inequality and unemployment, through policies aimed at promoting social mobility and job creation.

Despite these achievements, the French economy faces several challenges. One of the key concerns is the country's high level of public debt, which has reached alarming levels in recent years. This debt burden has implications for economic growth, as it limits the government's ability to invest in infrastructure and other vital sectors. Additionally, France faces ongoing challenges in terms of productivity and competitiveness, particularly in comparison to its European neighbors.

To address these challenges, the French government has implemented a series of economic reforms in recent years. These reforms have aimed to promote economic growth, reduce public debt, and improve the country's competitiveness. Some of the key measures include tax cuts, investment in infrastructure, and support for small and medium-sized enterprises. The government has also emphasized the importance of education and training to promote skills development and enhance the country's workforce.

In conclusion, the French economy is a complex and multifaceted entity that has undergone significant transformations over the years. While it has faced challenges and criticisms, it remains a significant global force with a unique economic model and a rich history. The book provides an authoritative history of the French economy, exploring its development from its postwar reforms to the present day. It examines the monetary and fiscal policies of successive governments, the country's economic performance, and the efforts made by the state to address regional imbalances, mitigate the dominance of Paris, and address social issues. The book also investigates the roles played by demographic change, migration, inequality, and the European project in shaping French economic development alongside the strength and competitiveness of key industries like finance, energy, and transportation. By providing an authoritative the history of the French economy, this book offers valuable insights into the workings of the modern French economy and its challenges and opportunities. It serves as a valuable resource for scholars, policymakers, and anyone interested in understanding the complex dynamics of the global economy.

Dimension: 210 x 148 (mm)
ISBN-13: 9781788211642