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
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If you ever find it hard to find material about Farce, read the economist. The publication comes out biweekly and usually cover the G-8 well .It is kind of strange writing this blog for a class, considering most of us have never wrote a blog before (including myself). It seems that you picked it up quite well and I look forward to reading yours especially.
ReplyDeleteI thought it was interesting that France's agriculture was important to them. I know for myself, whenever I think about France, I think about Paris or fashion or love. It just never occured to me that France had amazing agriculture. Tourism is obviously very important to France especially because of Paris. It's a very beautiful place. Due to the large tourism rates, I would expect that they would have a good economy.
ReplyDeleteVery good entry about La Franc. I find it very interesting that you picked up on the french pig, very highly regarded in the food industry. They also have an extremely large wine exportation economy, that is so tasty. When I think of France I think agriculture and not fighting in Iraq. I find your writing style informative and well focused. Good luck blogging!
ReplyDeleteI found it interesting that france was such an important contributor to the worlds imports and exports. I also liked how you cited your sources for each bit of information, and gave your opinion on each fact. Very well written post.
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