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The French Economy by Frances M.B. Lynch is a detailed study of France’s economic history. It’s the first book in English on this topic in almost 20 years, offering a deep dive into the French economy from the post-World War II reforms to today.
The book highlights France’s unique economic model, where the state steps in to fix or avoid market failures. As France has become more involved in the global market, its economy has started to align more with the western standard. However, it still stands out from its neighbors, especially Germany and the UK.
Lynch’s book examines the monetary and fiscal strategies of various governments. It also looks at France’s economic performance using different indicators. The book discusses the government’s efforts to address regional disparities linked to the shrinking of agriculture and the fall of traditionally important industries. It also explores the impact of demographic changes, migration, inequality, and the European project on France’s economic growth. The book assesses the power and competitiveness of major industries like finance, energy, and transport.
This easy-to-understand analysis challenges our perceptions of the French and UK economies’ relative strengths. It provides a fresh perspective on the current and historical shape of the French economy.
In summary, The French Economy by Frances M.B. Lynch is a must-read for those keen to grasp the intricacies of the French economy. It provides valuable insights into France’s economic history and its unique role in the global market.
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Books mentioned in the article: The French Economy by Frances M.B. Lynch
