What caused unemployment in France? This is the underlying question, reading through the case, it is apparent that many influential people, be it, high ranking officials in the French government or students like us at Thunderbird, have all tried to understand the root problem. Many measures were taken in France during those times of crisis, however it is clear to me that all of the laws they have adjusted during that period of 1981-1994, have been “Kneejerk” reactions, rather than a sustainable solutions for French unemployment.
Francois Mitterrand came to power in 1981, and at the time the French unemployment rate was rising fast, actually to be precise, the unemployment rates started rising in 1975. Till 1975 the French unemployment rates had remained quite low, and slowly that rate started increasing. Many people blamed the higher rates of unemployment on a decline in labor productivity growth. In other words the industrial revolution hit them, and unlike their neighboring......
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