What sort of first world country goes into a tailspin because an aircraft manufacturer is having problems? It would never dawn on this bunch of rigid, socialist bureaucrats that perhaps the forced stasis of their policies has led to a dangerous lack of diversification in their economy, would it?
"What sort of first world country goes into a tailspin because an aircraft manufacturer is having problems? It would never dawn on this bunch of rigid, socialist bureaucrats that perhaps the forced stasis of their policies has led to a dangerous lack of diversification in their economy, would it?"
In what ways does French economy suffer from a dangerous lack of diversification?
French economic growth is slow and has been slow for several years, just like its US counterpart is presently (although having been very good for a long rack of years recently), BUT French economy is impressive in several ways.
Just consider the awesome GDP (by Purcharing Power Parity) Per Hour of France;
Rank Country GDP per capita
per hour (US$)
1 Norway 39.70
2 Luxembourg 38.49
3 France 38.16
4 United States 35.42
5 Belgium 34.04
6 Ireland 33.94
7 The Netherlands 32.49
8 Austria 32.29
9 Denmark 31.53
10 Germany 31.26
11 Sweden 30.29
12 United Kingdom 28.99
13 Italy 28.38
14 Finland 28.37
15 Canada 27.67
16 Australia 27.57
17 Switzerland 26.54
18 Japan 25.51
19 Iceland 24.05
20 Hong Kong 23.59
21 Spain 21.67
22 Singapore 21.22
23 New Zealand 20.26
24 Taiwan (Republic of China) 19.11
25 Greece 18.72
26 Estonia 18.69
27 Malta 17.16
28 Portugal 17.10
29 Slovenia 16.88
30 Cyprus 15.66
31 South Korea 15.33
32 Chile 14.29
33 Slovakia 13.34
34 Hungary 12.95
35 Turkey 12.39
36 Poland 12.29
37 Czech Republic 12.20
38 Venezuela 12.20
39 Latvia 10.436
40 Argentina 11.79
41 Lithuania 10.59
42 Malaysia 9.38
43 Mexico 8.79
44 Brazil 8.29
45 Colombia 7.71
46 Thailand 6.06
47 Peru 5.16
48 Sri Lanka 4.77
49 Pakistan 4.53
50 Bangladesh 1.37
France has a lot to learn from countries like the US and the Scandinavian ones, but before calling the French "weak performers" in the economic department, One ought to acknowledge that a future France, working on all cylinders, actually could contribute A LOT to overall European development and prosperity.
Allons enfants de la Patrie!!!!