France: from Boom to Recession

DOI: 10.20542/0131-2227-2010-4-52-63

E. Ostrovskaya, National Research University Higher School of Economics, 9/11, Myasnitskaya Str., Moscow, 101000, Russian Federation (

Abstract. Measures taken by the French government to pull the country out of the financial and economic recession are analyzed and evaluated. Three moments are placed in strong relief: the efficiency of the government's reaction to the crisis; focus of the state efforts exactly on those directions where they were needed the most (countering the direct consequences of financial crisis, supporting the most damaged branches and companies, especially medium and small-sized); the principle of government regulation by dint of supplies, for the first time openly declared and carried out.

Keywords: economy of France, recovery, economic crisis, state-run economic stimulus, support of small and medium-sized enterprises

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For citation:
Ostrovskaya H. France: from Boom to Recession. World Eonomy and International Relations, 2010, no. 4, pp. 52-63.

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