The Blind Decades: Employment and Growth in France, 1974-2014France is often described as one of the last Western economies unable to reform itself in the face of globalization. Yet its economy has not fallen by the wayside and has even resisted the great recession that began in 2008. By interlinking historical, economic, and political factors and by comparing France with other nations, this book explains the puzzle presented by the development of France. Understanding France's economy requires downplaying the usual policy injunctions—demands for less state control and less rigidity in the labor market—and instead stressing the importance of constructing a long-term industrial strategy. |
Contents
| 1 | |
| 9 | |
The Creation of Mass Unemployment | 38 |
The Socialists Try | 72 |
From Hard to Soft Economic Liberalism | 98 |
New Effective Policies? | 122 |
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35-hour workweek Aubry Aubry Laws Balladur Bank benefits billion euros budget deficit budgetary chapter companies competitiveness cost of labor countries creation crisis decades decline despite economic policy economists Edmond Malinvaud effect elections employees Europe European euros eurozone exemptions expenditure favor Fillon firms fiscal France France’s François Fillon François Hollande François Mitterrand French economy Germany global government’s growth half immigrant impact income increase industrial inequality inflation innovation INSEE Jacques Chirac jobs policy Jospin Juppé l'emploi labor costs labor market Laurent Fabius liberal lower macroeconomic major massive measures ment million minimum wage Nicolas Sarkozy nomic OECD pacts Paris part-time pension political president prime minister productivity Raymond Barre Recession reduced reform retirement rise salary sector significant SMIC social contributions Socialist strategy technologies tion unem unemployed unemployment unemployment rate unions United Kingdom workers workforce young youth