France's Unwise Surrender

Summary


Perhaps there is such a thing as an island unto itself. It's called France.

Instead of acknowledging that protectionism doesn't work in a globalized economy, French students, unions and even business executives succeeded in pressuring French President Jacques Chirac to abandon a youth labor law intended to make hiring more flexible. As Jean-Claude Mailly, leader of the leftist union Force Ouvriere, described the fate of the labor law, "Dead and buried."

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Extract


France's Unwise Surrender

Labor unions and French youths may view these events as a victory, but in a global economy, labor and ...

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