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By John N. Tuppen

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Extra resources for France under recession, 1981-1986

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There are numerous examples of this process, ranging from the substantial rise in external trade to the growing level of investment by French-based companies in foreign markets, compensating a parallel movement by outside investors into France; in industry alone, firms in which foreign-based companies have a majority holding control nearly 700 000 employees. West German, Swiss, British and other European firms are all represented in France, although the majority of investment has originated from the United States, with Japanese capital becoming increasingly important over recent years.

Finally in Chapter 5 the question of decentralisation is considered. This has been a vital policy issue throughout the postwar period, first in the economic domain and then more recently in relation to the growing demand for the devolution of government decision-making power; carrying through reform in this latter field became a prime objective for the Socialists, designed to underpin their wider economic and social policies. In writing this account I have been extremely fortunate to benefit from the help and support of many people.

5 Source: Ministère de l'Economie. Page 16 has become one of the most obvious manifestations of the recession on French society. 2). Patterns of consumption have not followed an exactly comparable path, as families have used savings to compensate for shortfalls in earned income. Nevertheless, sales of certain types of product have appeared highly sensitive to constraints on income, notably clothes and durable goods such as cars and household appliances. A more sober attitude has also become evident in French people's attitudes to holidaymaking.

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