France and the International Economy


Book Description

This is a comprehensive history of a critically formative period in French economic history. Frances Lynch covers topics such as the post-war negotiations for American aid, the reconstruction of a capital market, the modernization of French agriculture, the liberalization of trade in the 1950s and subsequent economic growth.




The French Economy


Book Description

Invariably misunderstood by Anglophones, and often derided in the English-language financial press, the French economy remains one of the world's major economies. For many years characterized by a distinctive economic model in which the French state intervened to correct or prevent market failures, as France has embraced the global market, its economy has converged with the western norm, but it remains different from its western neighbours, particularly Germany and the UK, in a number of important respects. Frances Lynch provides an authoritative analysis of the modern French economy from its postwar reforms, through the period of Gaullist national planning, to the impact of the recent global financial crisis. She explores the monetary and fiscal policies of successive governments and the country's economic performance through a variety of indicators. In particular she explores the attempts by the state to correct the regional imbalances associated with the contraction of agriculture and the decline of the textile, coal and steel industries as well as the dominance of Paris. The part played by demographic change, income inequality, the European project and migration patterns in French economic development are also investigated. The strength and competitiveness of the public and private sectors is detailed, including the key industries of finance, energy and transport. The book is to be welcomed as the first general economic history of France since 2004 and is the first to include the impact of the global financial crisis. It is also an important corrective to recent work that has emphasized the convergence of the French economy and society and instead reasserts the importance of the state in the economic picture analysing the interaction of the state and the market across the postwar years.




Restructuring the French Economy


Book Description

At the end of World War II, experts on both sides of the Atlantic believed that France was doomed to economic stagnation. French culture and institutions, they argued, inhibited the changes in economic structure that sustained growth would require. But in spite of these predictions and the occasional volatility of the world economy, the French economy grew rapidly. Only the Japanese, of the major economies, has grown faster, and by 1975 the French standard of living matched that of West Germany. Restructuring the French Economy looks at the four decades of the structural changes that fostered growth and explores explanations of why such changes occurred. Drawing on many and diverse primary materials, including government statistics, judicial decisions, and professional memoirs, Adams examines three different explanations of France's postwar economic success. The first downplays the extent of structural change during the surge of growth. The second emphasizes the importance of government policies to compensate for inadequate private initiative. The third suggests that European economic integration and French decolonization created enough market competition to push the private sector into its own restructuring. Adams stresses that if government initiatives worked well, they did so in an environment of strong market competition; if competition seemed to work wonders, it occurred only as a result of government actions. He also devotes considerable attention to the implications of his findings for U.S. policy concerning European protectionism and the health and growth of American industries.




Governing the Economy


Book Description

Analyzing the evolution of economic policy in postwar Britain, this book develops a striking new argument about the sources of Britain's economic problems. Through an insightful, comparative examination of policy-making in Britain and France, Hall presents a new approach to state-society relations that emphasizes the crucial role of institutional structures.




France and the International Economy


Book Description

This is a controversial and comprehensive account of a formative period in French economic history.




War, Wine, and Taxes


Book Description

In War, Wine, and Taxes, John Nye debunks the myth that Britain was a free-trade nation during and after the industrial revolution, by revealing how the British used tariffs—notably on French wine—as a mercantilist tool to politically weaken France and to respond to pressure from local brewers and others. The book reveals that Britain did not transform smoothly from a mercantilist state in the eighteenth century to a bastion of free trade in the late nineteenth. This boldly revisionist account gives the first satisfactory explanation of Britain's transformation from a minor power to the dominant nation in Europe. It also shows how Britain and France negotiated the critical trade treaty of 1860 that opened wide the European markets in the decades before World War I. Going back to the seventeenth century and examining the peculiar history of Anglo-French military and commercial rivalry, Nye helps us understand why the British drink beer not wine, why the Portuguese sold liquor almost exclusively to Britain, and how liberal, eighteenth-century Britain managed to raise taxes at an unprecedented rate—with government revenues growing five times faster than the gross national product. War, Wine, and Taxes stands in stark contrast to standard interpretations of the role tariffs played in the economic development of Britain and France, and sheds valuable new light on the joint role of commercial and fiscal policy in the rise of the modern state.




Studies in the History of French Political Economy


Book Description

This book considers the evolution of economic thought in France from the sixteenth to twentieth century and explores the key economists, themes and controversies which are important in the context of recent research.




The French Revolution in Global Perspective


Book Description

Situating the French Revolution in the context of early modern globalization for the first time, this book offers a new approach to understanding its international origins and worldwide effects. A distinguished group of contributors shows that the political culture of the Revolution emerged out of a long history of global commerce, imperial competition, and the movement of people and ideas in places as far flung as India, Egypt, Guiana, and the Caribbean. This international approach helps to explain how the Revolution fused immense idealism with territorial ambition and combined the drive for human rights with various forms of exclusion. The essays examine topics including the role of smuggling and free trade in the origins of the French Revolution, the entwined nature of feminism and abolitionism, and the influence of the French revolutionary wars on the shape of American empire. The French Revolution in Global Perspective illuminates the dense connections among the cultural, social, and economic aspects of the French Revolution, revealing how new political forms-at once democratic and imperial, anticolonial and centralizing-were generated in and through continual transnational exchanges and dialogues. Contributors: Rafe Blaufarb, Florida State University; Ian Coller, La Trobe University; Denise Davidson, Georgia State University; Suzanne Desan, University of Wisconsin-Madison; Lynn Hunt, University of California, Los Angeles; Andrew Jainchill, Queen's University; Michael Kwass, The Johns Hopkins University; William Max Nelson, University of Toronto; Pierre Serna, Université Paris I Panthéon-Sorbonne; Miranda Spieler, University of Arizona; Charles Walton, Yale University




The French Economy in the Twentieth Century


Book Description

Publisher Description




France and the Breakdown of the Bretton Woods International Monetary System


Book Description

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.




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