France's Ecconomy
France is one of the world's richest nations. Industrialization began at the end of the 18th century. Unlike England and the rest of Europe, France failed to maintain the momentum of its early industrial start and was still an agricultural nation at the end of the 19th century. Most growth has occurred since the end of World War II. France now ranks among the world's most economically advanced nations.
A distinctive feature of the postwar French economy has been national economic development plans. The first, the Monnet plans named after Jean Monnet who thought of it. Railways were nationalized in 1937, and many other sectors of the economy, including the coal, natural gas, electricity, banking, and transportation came under state control shortly after World War II. Other major industries were nationalized in the early 1980s.
In the early 1990s, manufacturing employed between 20% and 25% of the labor force. Many French business enterprises are small to moderate in size,......
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