Economic Policies in France: Retrospect and Prospects

Bela Balassa
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Bela Balassa: The Johns Hopkins University

Chapter Essay 15 in Change and Challenge in the World Economy, 1985, pp 339-362 from Palgrave Macmillan

Abstract: Abstract The fifteen-year period following entry into the European Common Market was one of rapid economic expansion in France. In particular, policies promoting industrial concentration and investment contributed to the modernization of French industry in the framework of an open economy.1 The distruptions caused by the May 1968 events were soon overcome, and France experienced the highest rate of economic growth among the Common Market countries. In particular, the income gap between Germany and France declined to a considerable extent. According to estimates made by using purchasing power parities, the ratio of French to German per capita incomes increased from 0.73 in 1958 to 0.97 in 1973.2

Keywords: Money Supply; Real Effective Exchange Rate; International Financial Statistics; Socialist Party; Unemployment Compensation (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17991-6_15

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DOI: 10.1007/978-1-349-17991-6_15

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