Abstract: As the further substantial increase in oil prices in the late 1970s plunged the western world into deeper recession, the formerly buoyant French economy appeared decidedly less dynamic. Lower growth rates and rising unemployment represented but two of a series of disturbing negative trends, contributing to the emergence of new strains and divisions in the country's society. The changed performance of the economy was clearly illustrated by the difficulties encountered by industry: once viewed as the powerhouse behind France's remarkable and sustained postwar economic expansion, this sector now appeared to have lost much of its former vigour. In a climate of growing disenchantment over the management of the economy and of increasingly widespread expression of the desire for change, the election of a socialist president and socialist government in 1981 appeared to many people to offer new hope in the quest for solutions to the country's mounting economic and social problems.
Publication Year: 1988
Publication Date: 1988-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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