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Economy of France


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y entering the labour market, ineffective university curricula that fail to prepare students adequately for the labour market, and, concerning the older workers, restrictive legislation on work and incentives for premature retirement.

The unemployment rate decreased from 9% in 2006 to 7% in 2008 but remains one of the highest in Europe. In June 2009, the unemployment rate for France was 9.4%. Shorter working hours and the reluctance to reform the labour market are mentioned as weak spots of the French economy in the view of the right, when the left mentions the lack of government policies fostering social justice. Liberal economists have stressed repeatedly over the years that the main issue of the French economy is an issue of structural reforms, in order to increase the size of the working population in the overall population, reduce the taxes' level and the administrative burden.

Keynesian economists have different answers to the unemployment issue, and their theories led to the 35-hour workweek law in the 2000s (decade), which turned out to be a failure in reducing unemployment. Afterwards, between 2004 and 2008, the Government made some supply-oriented reforms to combat unemployment but met with fierce resistance, especially with the contrat nouvelle embauche and the contrat première embauche which both were eventually repealed. The current Government is experiencing the revenu de solidarité active to redress the negative effect of the revenu minimum d'insertion on work incentive.

Tourism

With 81.9 million foreign tourists in 2007, France is ranked as the first tourist destination in the world, ahead of Spain (58.5 million in 2006) and the United States (51.1 million in 2006). This 81.9 million figure excludes people staying less than 24 hours in France, such as Northern Europeans crossing France on their way to Spain or Italy during the summer.

France has 37 sites inscribed in UNESCO's World Heritage List and
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