Question

France stands as one of the world's leading economic powers, possessing large agricultural, industrial and service sectors. France operates a mixed economy that combines capitalist and socialist characteristics. Capitalism involves private ownership of capital and other means of production. Under socialism, the government directs economic activity and owns all or part of most industries. Despite extensive reforms over the years that have reduced government intervention in the economy, the French government still exercises great control over the economy, owning shares in many of the country's largest companies.

Quick Facts:

• French Republic
• Capital: Paris
• Population 63.5 million
• Area 543,965 sq km (210,026 sq miles)
• Major language French
• Major religion Christianity
• Life expectancy 78 years (men), 85 years (women)
• Currency Euro
• President: Emmanuel Mac

How does the French anti-globalization movement make sense given their culture and economic system? Why?

• How do these article relate other countries with anti-globalization sentiments like Great Britain, India, and the United States or do they?
• What current economic and cultural influences will effective globalization in the near future? Are these factors going to have a positive or negative effect? Why?
• In your opinion, is globalization beneficial?

Answer 1

1) French Economy is the second-biggest economy after the German economy in the race of development. It has a huge share in the global market in all sectors of production. But it has more sentiments in its traditional value, bearing its own way of moving its own path of fulfilling its Economic needs. The Anti-globalization movement of the French government restricts the impact of foreign trade and promotes the local markets by retaining their own business with the traditional value of the parent country.       

2) The factors like the mass influence of the English language proficiency, Other foreign intervention in sharing the local markets through its technological improvement check, and the people have an employment share of nearly 15 to 17% from US-based firms and other European countries-based firms. Other countries like Great Britain, India, and the US face the same issue. In this same way, the above facts related to the comparison of all traditional values.

3) Economic and cultural influences of free trade benefits, healthy labor movement across boundaries, sharing traditional oriented business ideas boost economic globalization.  It can be positive if all the countries have the agreement of sharing the best price of traditional values of globalization.

4) Finally, Globalization is beneficial throughout the world. With the full cooperation of all government agencies in sharing the business ideas creates the advantages of international trade.