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This country note from Going for Growth 2015 for France identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
This report compares the performance of the French innnovation systems with that of other countries and presents the conclusions of interviews with 30 key actors in the French research and innovation system. During the past ten years, this system has undergone profound changes, and the report highlights the governments plan to dynamise and reform the system.
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France is one of the world’s five leading economies, as measured by GDP, a position that it owes in particular to its strength in a number of knowledge-intensive sectors. Yet today, six years after the onset of the economic crisis, French growth remains weak – 0.4% this year, and at best 1% in 2015, according to the latest OECD projections.
The President of the French Republic, Mr. François Hollande, met the Heads of five international economic organisations at the OECD on Friday 17th October to discuss the challenges facing the global economy.
Full implementation of the structural reforms adopted and announced in France would boost potential annual economic growth by one third, or 0.4 percentage points per year over ten years, according to the OECD.
French, PDF, 4,532kb
Enhancing the productivity and competitiveness of the French economy will demand action on innovation and research, competition, education and vocational training, as well as on the functioning of the labour market, on public-sector efficiency, and on fiscal policy.
The OECD Week 2014 "Resilient Economies & Inclusive Societies" brings together the annual Meeting of the OECD Council at Ministerial Level and the OECD Forum. The key issues on the global agenda will be debated by all stakeholders – business, labour, civil society and academia – as well as by ministers.
Forum 2014, entitled Resilient Economies for Inclusive Societies, will be organised around three cross-cutting themes: Inclusive Growth, Jobs, and Trust, exploring the multifaceted nature of resilience and how to now “bounce forward” in addressing economic, social, and environmental challenges.
Focused on the main theme of "Resilient Economies and Inclusive Societies: Empowering people for jobs and growth", the 2014 Ministerial Council Meeting (MCM) will take place at the OECD’s Paris Headquarters on 6-7 May 2014, under the Chairmanship of Japan, with the United Kingdom and Slovenia as Vice-Chairs.
Like many other European countries, France faces key challenges in the job market. Productivity is relatively high but growing slowly, and the economy is held back by persistently high unemployment and low participation of older workers.