The Internet belongs to everyone. Let’s keep it that way.

Protect Net Neutrality
Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

France Economic System

No description
by

on 1 March 2016

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of France Economic System

French Economic System
Major Means of Production
Economic System
Type: Mixed economy
Market: Independent companies
Traditional: Generational businesses and traditional life style
Command: Government regulates aspects of the economy
G.D.P.
$2.488, 37 trillion
growth: 1.5%
Historical Influences
Government
Type of government: Republic
aimed to cancel recently enacted tax cuts and exemptions for the wealthy
government spending is second highest in the E.U.
The end of the Roman Empire created a decline in French economy
Boom in agriculture
Hundred Years War/ Black Plague
Depleted food sources and population
Acceleration during Renaissance era
Exported and imported goods with other European countries
Guild system was abolished during the French Revolution
Napoleon made Paris an international trade center
Rapid industrialization during 19th century
Economy suffered during WWI and Great Depression
Marshall Plan-France agreed to modernize economic system
Paris world famous for consumerism and tourism
Geography
labor size, technology level
Freedom Ranking
future of France
Labor Force: 30 million
Technology Level: France derives about 75% of its electricity from nuclear energy, due to a long-standing policy based on energy security. This share is to be reduced to 50% by 2025.
It is building its first Generation III reactor.
About 17% of France's electricity is from recycled nuclear fuel.
France is the world's largest net exporter of electricity due to its very low cost of generation.
France has been very active in developing nuclear technology; Reactors and fuel products and services are a major export.
President Francois Hollande
promised to eliminate the French budget deficit by 2017
Prime Minister Manuel Valls
Imports:
machinery and equipment, vehicles, crude oil, aircraft, plastics, chemicals
Exports:
machinery and equipment, aircraft, plastics, chemicals, pharmaceutical products, iron and steel, beverages
Rule of Law:
France: Strong defender of intellectual property rights, corruption in sectors such as public works and the defense industry
USA: American people’s trust in their government is the lowest it has been in the past 10 years due to corruption in the government
Limited Gov:
France: Top personal income tax rate is 45%, government spending equals 57.5% of total domestic output
USA: top individual income tax rate is 39.6%, and in the absence of comprehensive tax reform, the top corporate tax rate remains among the world’s highest at 35%
Government has not been reduced- Bipartisan Budget Act of 2015
Regulatory Efficiency:
France: Top personal income tax rate is 45%, overall tax burden equals 45% of GDP
Labor code’s rigid regulations have hurt competitiveness and increased unemployment
USA: Regulatory burden continues to increase, 180 new major federal regulations have been imposed on business operations since early 2009 with estimated annual costs of nearly $80 billion
Open Markets:
France: Government invests directly in firms throughout the economy, financial sector remains under relatively strong state influence
USA: Financial reforms adopted in 2010 have increased both costs and uncertainty
Geography-
Borders the Atlantic Ocean, Mediterranean, English Channel, and the North Sea.
borders many countries, many trade opportunities
Flat plains, gently rolling hills, and mountains
lends to farming and city growth
Seine, Rhone, and Loire rivers
communities developed easily along these sites
Banque Nationale de Paris
Weather-
North and Northwest: frequent showers year-round, winter is mild with some snow and frost, summer is mostly warm
Central and East: some of the country’s coldest winters, with relatively frequent snow and frost, summers are generally warm with frequent clouds and thunderstorms
Mountains: many mountain chains with the coldest, snowiest conditions in the country
Mediterranean and Southwest: most consistently fine weather, typical Mediterranean climate
multiple regions promotes diversity in economic systems and imports/exports.
Resources-
Coal: deep veins make extraction hard, many people are choosing careers that are less focused in manual labor
Iron ore: low grade
Uranium: found only in small quantities
must import some goods, increase trade
Nutrient rich soil: covers most of the country's surface, agricultural surplus
can export food
First Modern Department Store in Paris
La Défense-largest business district in Paris
Based upon the stability of France's economy, we feel that little will change in the future. A change may come based on outside events that occur globally; however, France's economy shows little signs of decline.
USA: #11
France: #75
Full transcript