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Tag: Economy

gilets_jaunes_yellow-vests-paris
Remove the Vests and Begin the (Real) Reforms

The Gilets Jaunes (“yellow vests”) movement which started 12 weeks ago has revealed a fracture in French society. Guy Sorman believes it is time for the government to react, and suggests two major reforms: massive investment in elementary education and the introduction of a “negative income tax.” Overall, the Gilets Jaunes are right, although they do not know why and...[Subscriber]

gilets-jaunes-macron-paris
Are the “Yellow Vests” Vandals or Militants?

The sharp increase in fuel prices in recent months has sparked a protest movement in France known as the gilets jaunes or “yellow vests.” In a climate reminiscent of 1789, demonstrators and the police have clashed in Paris and other cities across France. But to what extent can we compare the two eras? On July 14, 1789, in Paris, the...[Subscriber]

etats-unis-usa-amerique
A French Company in Every U.S. State

There is not a single American state without a French business within its borders. From New York to Alaska, companies such as Airbus, Michelin, Bel, Louis Vuitton, Safran, Saint-Gobain, and Sodexo are creating jobs and contributing to the U.S. economy. In its most recent annual report, the department of economic affairs at the embassy of France in Washington offers a...

tortoise-hare-lievre-tortue
America Booms While Europe Trails Behind

Economists cannot forecast, and the current economic status in America is showing us proof of that today. No scientist ever imagined that an advanced economy such as the United States could grow by almost 4% in a year while also bringing unemployment figures below 4%. It was theoretically impossible, but the current situation proves otherwise. Inaccurate predictions could be one...[Subscriber]

acier-aluminium
French-American Commercial Feuds (5/5): Steel vs. Orange Juice

Franco-American history features a number of commercial and diplomatic disputes, from the “chicken war” in the 1960s to Donald Trump’s recent declarations about taxing steel and aluminum imported from Europe. With its boycotts and protectionist policies, we explore these conflicts through five episodes looking at the history of certain controversial products. Episode 5: Steel and Aluminum, a Historical Battle Trade...

french-Freedom-Fries
French-American Commercial Feuds (3/5): Freedom Fries Flout the French

Franco-American history features a number of commercial and diplomatic disputes, from the “chicken war” in the 1960s to Donald Trump’s recent declarations about taxing steel and aluminum imported from Europe. With its boycotts and protectionist policies, we explore these conflicts through five episodes looking at the history of certain controversial products. Episode 3: Freedom Fries Flout the French The United...

Roquefort-fromage-bleu
French-American Commercial Feuds (2/5): America Goes Crackers with Roquefort Tariffs

Franco-American history features a number of commercial and diplomatic disputes, from the “chicken war” in the 1960s to Donald Trump’s recent declarations about taxing steel and aluminum imported from Europe. With its boycotts and protectionist policies, we explore these conflicts through five episodes looking at the history of certain controversial products. Episode 2: Hormone-Grown Beef vs. Roquefort Europe bowed to...

macron-trump-invalides-paris-france
The Blind Economists

Modern heads of government are judged on the economic results of their time in office. However, this is a paradox. Our economies are open and connected to the world, and governments have little way of influencing growth rates. By definition, growth is dictated by global cycles which in turn are mainly determined by technical innovations. Governments can therefore hamper it...[Subscriber]

versailles-macron-choose-france
A Baroque Opera of Economic Proportions at Versailles

Power is shifting from politics to economics — a change demonstrated by Emmanuel Macron, who invited CEOs of the biggest multinationals to a gala dinner at the Château de Versailles. On January 22, 2018, the French president invited 140 heads of the world’s biggest companies to the Château de Versailles. The summit was entitled "Choose France" and was held in...[Subscriber]

free-market-france
The Free Market Lives On in France

In his latest book, Nobel Prize-winning French economist Jean Tirole addresses the problems of the modern economy with market-based solutions. From an American perspective, the French have never embraced the free market. France has the second-highest ratio of spending to GDP and the fourth-highest rate of taxation among all OECD [Organisation for Economic Co-operation and Development] nations — outpaced only...[Subscriber]

french-croissant-pastries
Will the French Say Au Revoir to Croissants?

The American press has recently reported on the current butter shortage in France, and some fear that bakery-made croissants are facing extinction. Even king cake, a delicacy shared by family and friends every January, is said to be under threat. Whenever the U.S. media turns its focus to the French way of life, it is important to separate fact from...[Subscriber]