Globalization and French Cultural Identity

in French Politics, Culture & Society

The nature of the French economy has changed radically in recent years. Breaking with its mercantilist and dirigiste past, France has since the early 1980s converted to market liberalization, both as the necessary by-product of European integration and globalization and as a deliberate effort by policymakers. Whereas the French state used to own large sectors of the economy, partly to keep them from foreign control, now even a Socialist-led government proceeds with privatization, with scant regard for the nationality of the buyer.

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