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1 INTRODUCTION FRANCE This paper is informative for those who are interested in the economy of France France is the largest country in Western Europe and has an area of 21100 square miles It has almost one fifth total area of the European Union France is a very important nation in Europe and it continues to be involved in contemporary policy issues Helping the world as one of the great trading nations France is a very important trading partner with the United States Not only is France important to the United States they are also important to many countries Their abundance of both mineral and agricultural resources makes them worlds leading supplier of products France is also known for its importance especially for the import and export of goods and services all around the world In the following paragraphs the facts are to be revealed about the economical situation of France The most important sectors of its economy will get attention because they are dependant for the success of France As can be noticed this country has an interesting economy and one can learn more of France in general 2 FRANCES GENERAL ECONOMICAL VIEW France has been ranked among the worlds most economically advanced nations since the end of the World War II Before the war came France was developing its economy but after the war there was a lot of improvement in the country Railways were nationalized in 1937 and many sectors of the French economy came under state control Sectors such as coal natural gas electricity banking and transportation think of Renault and Air France were the main elements of the economy In the late 1990s the country was suffering of a though period of economic recession which also brought a high unemployment rate It remained in the neighborhood of 12 percent The French government then took the initiative to create new jobs in 1997 It sought to accomplish this
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