France's History, Market System, Government, and Economic Growth

France
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Executive summary
France if the 7th largest economy in the world and it has been growing exponentially since World War II. Following the World War II, the government undertook strategies that propelled the country formerly ravaged by war to an economic powerhouse regionally and globally. Its economy was affected adversely by the oil crisis in 1970s and the 2008 global crisis but it has remained relatively resilient and stable even in the face of these global economic shocks. The economy of France has always been heavily influenced by its politics and the socialist government had nationalized many enterprises post-war and through the economic recovery period. The economic agenda of the incumbent regimes has on several instances especially under socialist governments which either instituted laws that slowed the economic growth. But France has also been strategic in its economic policies and championed the formation of EU which has helped the country have a bigger economic market for its goods and services. Undoubtedly, the country has employed economic tools to stabilize various issues that has steered the economy to its current position. This essay details the history and market of the France economy and the government involvement in it highlighting the key interventions adopted to spur economic growth and or the strategies that shaped France economy history. Additionally, the article details the monetary and fiscal policies and their historical utility to fix the economy.
Describe France history and market system – since 1990
Since 1990, the French economy improved steadily. During this time, together with the other European major economies started the European Union. At the same time, the France government continued privatization of various enterprises that had been nationalized under the socialist regime. Nationalizing many aspects of the economy make the economy very susceptible to political waves as the entities which are un by the government mirror the political will. France suffered slow growth under socialist governments because of the overly nationalized corporations in many industries which were adversely affected by socialist policies. In the 2000s the French economy continued growing at a moderate rate up to 2008 when the global financial crisis slowed down its economic growth. In the 2000s the country also grappled with privatization, pension and social welfare reforms which affected its economy and sparked widespread mass demonstrations. However, unlike other European nations, France was relatively less affected. However, the government still injected 10.5bn Euros into the country's six largest banks to help the economic recovery following the crisis. In 2010, the government also adopted austerity measures to reduce its high public debt. Subsequently, the government announced other austerity measures to tame the public debt in 2011, 2012 and 2013. In May 2013, France entered its second recession period in 4 years where its economy shrunk by 0.2% and later in the year, the country is relegated by Standard and Poor's credit rating company to aa rating citing high unemployment which signified its economic hardships. High unemployment in France is a complex problem b...