Out of all the troubled European nations, France seems to be
standing at its brink of repairing its fortune. Owing to several public debts, unemployment
and other criticisms regarding accuracy of budgets, this country is often
plagued and now it has to fix all of these issues.
India too has had some similar situations in recent past.
But things are being hoped to be bettered after the allowance of Foreign Direct
Investment (FDI) in multi brand retail.
The new honorable French President Francois Hollande is
expected highly to improve the GDP, tax reformations, provide correct budgets which
can help the nation reach a more stable economy at the earliest.
What I think about France’s woe is that its accustomed
opposing to the globalization process of economic productivity. It is well
known to all how the French business slowed down and eventually its volume of exports
to other nations also got minimized. Hence, along with the ineffective government
power, this phenomenon has caused to add more piles on France’s burdens.
I would not be surprised at all to see the country
revitalize and refurbish its formulas for economic growth because this country
has been one of the most attractive nations from all points of view in the
past. I will not tell a long worded article here to encourage my strength of
writing, but I definitely support the idea of improved governance in all
aspects which can help sort out France’s troubles.
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