Well, this is going to be my 2nd post for this blog that I've made for this class. I've been looking throughout the internet for information and came across a website that had some interesting information although this is based around 2008-2009. It still included some facts though that could be related a little bit to what we all learned in class.
I remember learning about GDP( Gross Domestic Product) in class and in this website I found what the GDP was for France. According to state.gov, it is $2.865 trillion making France the fifth-largest economy world wide. What I also learned is that although France has a large economy it also has had its bad times as well. A main goal that they have been trying to accomplish is to restore more job opportunities to the ones that have lost their jobs and lower the unemployment rate. Also according to the website, "the unemployment rate in metropolitan France increased to 9.1% in the second quarter of 2009". France's government is trying to better the environment for those seeking work and work seeking workers. There has been alot change and attempts to better the economy, but it seems as if the government has continued to spend money at a 52.7% rate back in the year of 2008. This was considered to be one of the highest rates in the G-7. I was not too aware of what some terms mean and if there any people out there that were like me and not too sure what the G-7 is, then here is a quick explanation. The G-7 has to do with government positions that include seven different countries which include Canada, U.S.A, Japan, Italy, United Kingdom, Germany, and of course, France. Although France has had its struggles it has not stopped this country from having alot to offer for example an abundance of agricultural goods as mentioned in my last post and a work force which is highly skilled. It seems to me that all the countries are always in competition to have the best running economic system and France surely is attempting to do that. Their government has also passed severals bills in order create a more modern economy.
As we continue with our Macroeconomics class, I hope this little post was able to teach others a thing or two about France's economy as it did for me! Thank you.
Saturday, January 30, 2010
Friday, January 22, 2010
My first blog
Well, this is my first time blogging and I will be keeping this one for the remainder of this semester for my Macroeconomics class. I really do not know much about economics but all I can do is try my best!
My first assignment is to write a little about the economy of France. I spent some time looking for a website that would help me understand the economy of France and I came across Infoplease.com. What I learned was that France is very well known for its economy and it seems to be abundant in many things. Its tourism, agriculture, and trading are extremely important to France. I remember learning a little about trading in class and France seems to exemplify this in its economy. "According to OECD, in 2004 France was the world's fifth-largest exporter and the fourth-largest importer of manufactured goods"(France.com). I found this very interesting because out of all the countries in the world France was ranked fairly high when it came to trading goods. Some countries that France trades with would include our country, the United States, Italy, Germany, Spain, and several others. When it comes to exporting, such goods can include machines that assist with transportation and machinery, plastics, chemicals, pharmaceuticals and beverages. France tends to import goods from those countries mentioned above such as motor vehicles and crude oil. This all catches my attention because it does seem that France is able to be in control of their trading system which strengthens their economy. Also after reading from Infoplease.com, I learned that tourism helps with this, too. Paris is the biggest location for tourists which provides higher priced goods to them. Lastly, agriculture plays a major factor in France's economy. A decent size of the agriculture comes from the animals such as hogs, cattle, and sheep, that are located in the more mountain areas. This country is abundant in their crops also for example potatoes, wheat, and barley. And of course, fruit would be important because France's wine has its own trading which puts their wine at an extremely high rank for wine production world-wide.
This assignment allowed me to grasp what is important to France and what makes its economy so powerful. I hope this was able to teach others a couple things about France and its economy, as well! Thank you!
~Analiese
My first assignment is to write a little about the economy of France. I spent some time looking for a website that would help me understand the economy of France and I came across Infoplease.com. What I learned was that France is very well known for its economy and it seems to be abundant in many things. Its tourism, agriculture, and trading are extremely important to France. I remember learning a little about trading in class and France seems to exemplify this in its economy. "According to OECD, in 2004 France was the world's fifth-largest exporter and the fourth-largest importer of manufactured goods"(France.com). I found this very interesting because out of all the countries in the world France was ranked fairly high when it came to trading goods. Some countries that France trades with would include our country, the United States, Italy, Germany, Spain, and several others. When it comes to exporting, such goods can include machines that assist with transportation and machinery, plastics, chemicals, pharmaceuticals and beverages. France tends to import goods from those countries mentioned above such as motor vehicles and crude oil. This all catches my attention because it does seem that France is able to be in control of their trading system which strengthens their economy. Also after reading from Infoplease.com, I learned that tourism helps with this, too. Paris is the biggest location for tourists which provides higher priced goods to them. Lastly, agriculture plays a major factor in France's economy. A decent size of the agriculture comes from the animals such as hogs, cattle, and sheep, that are located in the more mountain areas. This country is abundant in their crops also for example potatoes, wheat, and barley. And of course, fruit would be important because France's wine has its own trading which puts their wine at an extremely high rank for wine production world-wide.
This assignment allowed me to grasp what is important to France and what makes its economy so powerful. I hope this was able to teach others a couple things about France and its economy, as well! Thank you!
~Analiese
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