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Economic Policies in France: Retrospect and Prospects

In: Change and Challenge in the World Economy

Author

Listed:
  • Bela Balassa

    (The Johns Hopkins University
    The World Bank)

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

Suggested Citation

  • Bela Balassa, 1985. "Economic Policies in France: Retrospect and Prospects," Palgrave Macmillan Books, in: Change and Challenge in the World Economy, chapter 0, pages 339-362, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-17991-6_15
    DOI: 10.1007/978-1-349-17991-6_15
    as

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