|
I guess we're going off on a tangence here. France is definitely a global leader in many aspects, and its current unemployment rate hovers around 9-10 percent.
This info, taken from Wikipedia, might be of useful reading to some:
According to the OECD, in 2004 France was the world's fifth-largest exporter and the fourth-largest importer of manufactured goods. In 2003, France was the 2nd-largest recipient of foreign direct investment among OECD countries at $47 billion, ranking behind Luxembourg (where foreign direct investment was essentially monetary transfers to banks located in that country) but above the United States ($39.9 billion), the United Kingdom ($14.6 billion), Germany ($12.9 billion), or Japan ($6.3 billion). In the same year, French companies invested $57.3 billion outside of France, ranking France as the second most important outward direct investor in the OECD, behind the United States ($173.8 billion), and ahead of the United Kingdom ($55.3 billion), Japan ($28.8 billion) and Germany ($2.6 billion).
In the 2005 edition of OECD in Figures, the OECD also noted that France leads the G7 countries in terms of productivity (measured as GDP per hour worked).[8] In 2004, the GDP per hour worked in France was $47.7, ranking France above the United States ($46.3), Germany ($42.1), the United Kingdom ($39.6), or Japan ($32.5).[9]
Despite figures showing a higher productivity per hour worked than in the US, France's GDP per capita is significantly lower than the US GDP per capita, being in fact comparable to the GDP per capita of the other European countries, which is on average 30% below the US level. The reason for this is that a much smaller percentage of the French population is working compared to the US, which lowers the GDP per capita of France, despite its higher productivity. In fact, France has one of the lowest percentages of its population aged 15-64 years at work among the OECD countries. In 2004, 68.8% of the French population aged 15-64 years was in employment, compared to 80.0% in Japan, 78.9% in the UK, 77.2% in the US, and 71.0% in Germany.[10] This phenomenon is the result of almost thirty years of massive unemployment in France, which has led to three consequences reducing the size of the working population: about 9% of the active population is without a job; students delay as long as possible their entry into labour market; and finally, the French government gives various incentives to workers to retire in their early 50s, though these are now receding.
And now back to your regularly scheduled program 
|