25.4.07

French Exceptionalism

A poll recently conducted by an American university sent shock waves through the Finance Ministry in Paris. Researchers found that only just over a third of French people think a free market economy is the best system to develop the country.

By way of contrast, the survey found that a majority of citizens in 19 other countries were in favour of the free market, including 65% of Germans, 59 % of Italians, 66% of the British and 74 % of the Chinese. Even the Russians, many of whom have suffered in a painful transition to a market economy, were more favourable at 43%.
On one of the other hands:
It is worth remembering though that French labour productivity is still the highest in Europe and France has more foreign direct investment than anywhere in Europe except the UK.
The rest is here. More on that study, here.