MAEC Padlet Wall (FRANCE) by Bryce Teoh https://padlet.com/bryceteoh/1g798sfvlo7m Team Members: Bryce, Dayana, Jarel, Fabyan, Qi Hui, Rachel en-us 2018-05-14 10:33:59 UTC 2025-10-04 14:51:15 UTC hello@padlet.com France's Unemployment Rate bryceteoh https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260414066 This article shows that while low unemployment rates  is good for a country's economy, there are consequences to people in the job agency sector. As the unemployment rate falls, people working in the job agency company are losing their jobs as a result of a drop in responsibilities. With the rate of unemployment dropping, it isn't necessarily a good thing as there will be people who lose their jobs due to structural unemployment.

WANG: Suggest to go beyond the issue of people losing job in the job agencies to the point about the government " promised a "transformation" of the economy and social system to make France an easier place to set up companies and more attractive overall for investors." How would this impact unemployment? Also, link your portion to other post-its containing Unemployment analysis for a rounded analysis on unemployment in your report. ]]> 2018-05-14 11:28:37 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260414066 Concepts in the articles bryceteoh https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260414343 1. GDP
2. Unemployment 
3. Inflation

]]> 2018-05-14 11:29:54 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260414343 Some economic problems France is facing. jarelzzftw https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260469483
  • About three million people are unemployed - 10.2% of the workforce in France. Almost one in four of those under 25 who want a job don't have one.
  • In 2017 some 200,000-330,000 job offers went unfilled, mostly for lack of suitable candidates.
    • ]]>     2018-05-14 13:54:08 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260469483     Unemployment tayrachel123 https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260478786 -The current unemployment rate in France increased from 9.2% from the first 3 months to March of 2018, which is a rise from 9% from the previous period. Currently, France is facing structural unemployment. The main reason why France inevitably faces structural unemployment is due to people lacking the qualifications to fulfil the job requirements. This is restricting France economy's potential.Hence the government is trying to tackle this situation by investing on education, vocational training and revamp the apprenticeship system. On the other hand, the full unemployment rate in France is about 8.9%. This is the lowest unemployment level since 2009.The drop in unemployment shows that France economy is picking up, creation of more new jobs for the people and businesses hiring more workers.
    -Although unemployment rate in France falls in 2018(low unemployment rate may not necessarily be a good thing as it causes inflation to increase and high rate of inflation may potentially affect france's economy negatively), there are still a large number of people who are unemployed.
    - As the unemployed are not working, it would result in reduced labor productivity if nationals and foreigners in france do not have jobs for long periods of time(Unemployed not producing goods and services, leading to loss of gdp and loss of output to the economy).
    WANG: Nice identification of the type of unemployment. Just a note about the first line. Full employment rate is fixed at a given time period while current unemployment rate varies. 


    ]]>     2018-05-14 14:13:36 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260478786     GDP dayanaiqbal https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260538436 After the drastic drop in France's economy from 2011 to 2012, there has been a steady increase up until 2016. After which there was a very notable incline in the economy in 2017. There has been cyclical damage ever since the recession in 2011. Thus, with improvements, the country is more independent and self-assured. They are then also more presentable to the global market, increasing the chances of foreign direct investment. This will further increase the country's reputation,economy and standard of living. With a new president elected, new policies were put in place which assisted in the increase in France's GDP. With new ideas, new ways of starting up businesses could be introduced. This could allow all resources to be engaged more effectively. Furthermore, with a different political environment, there would be new law and order as well as increase in international trade. There could be a more stable legal system and a competitive market without corruption as well as private ownership of property and profits. This will motivate foreign direct investment. In turn, there will be an increase in net purchase from other countries, thus increasing the nations GDP.

    WANG: Besides focusing on the positive sentiments related to election, there are a few key points such as euro-zone recovery that team might want to explore its impact on GDP. See how your portion can be gel with the other points on padlet here to form a rounded analysis of the country's GDP.



    ]]>     2018-05-14 16:15:40 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260538436     Background info about the economy of France s10186595 https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260545249 France has the world’s 7th largest economy by 2017 norminal figures and the 10th largest economy by PPP figures.It had the 2nd largest in the European Union after Germany.
    What is the type of economy in France?
    -French economic system is mixed,containing capitalist and socialist elements.France has a diversified private sector that includes agricultural,industrial and service activities;however the government intervenes actively in the French economy.
    Main exports of France which helped greatly in the economy.
    -transportation equipment
    -aircraft
    -plastics
    -chemicals
    -pharmaceuticals
    -iron
    -steel
    -consumer products
    -petroleum
    -cars&vehicles


    ]]>     2018-05-14 16:32:29 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260545249     Statistic as evidence to show improving economy in france in terms of employment rate s10186595 https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260556465 statistics to show the unemployment rate in france.
    -generally more people have a job in france now as unemployment rate decreases over the years from 10.3% in jan 2015 to 8.9% in jan 2018.
    -lowest jobless rate since the first quarter of 2009
    -activity rate of the French aged 15-64 increased up yo 72% in december 2017
    -this means the economy of france will become better since unemployment rate has decreased
    -As more people have a job now,they are able to work for their companies and contribute to the economy of France as they produce goods and services for the companies,gaining much more profits,and with increased revenue earned by companies,more taxes are received by the French government,boosting the economy of France



    ]]>     2018-05-14 16:58:12 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260556465     GDP & Unemployment dayanaiqbal https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260559213 Even though there has been a steady increase in France's economy since its crisis in 2011, the increase is only an average of 1% each year with is insufficient. It has caused France to be in a debt close to 100% of GDP. This has prolonged the problem of cyclical, structural and frictional unemployment. This is due to France's rigid labour market.
    Reasons include :-
    1. companies are unable to keep up with rising demand.
    2. Unemployed individuals lack suitable skills that are required for the labour market.
    This is solved by the government through altering the education system such that it prepares the students for work life in the future. Upon discussion with trade unions, the government has also allowed for companies to hire and fire according to the demands of the business cycle.
    Currently, France's GDP is doing well as it is increasing at a steady rate, increasing the standard of living there as well.

    WANG: Would be good to start off with the issue of falling competitiveness before looking at ways to address it. Research further to find out more on how the government is resolving it. For instance, your point about the education system. What exactly is being reformed to prepare students for the workforce? Caution on delving too much into this though. Word limit. ]]>     2018-05-14 17:04:31 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260559213     France's economy. s10186595 https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260719005 France’s economy is robust due to low unemployment rate,high amount exports(high participation rate in trading with other countries),it has a stable growth of revenue for the nation even though the nation still has to take money out of its pocket(e.g. taxes) to develop the country in order for more profits to be earned.
    France's key trading partner are:
    1. Germany: US$77.4 billion (14.8% of total French exports)
    2. Spain: $40.2 billion (7.7%)
    3. Italy: $39.7 billion (7.6%)
    4. United States: $38.4 billion (7.3%)
    5. Belgium: $36.3 billion (6.9%)
    6. United Kingdom: $35.2 billion (6.7%)
    7. China: $21.4 billion (4.1%)
    8. Netherlands: $19.1 billion (3.7%)
    9. Switzerland: $17.7 billion (3.4%)
    10. Poland: $10.3 billion (2%)
    11. Singapore: $7.7 billion (1.5%)
    12. Turkey: $7.6 billion (1.4%)
    13. Japan: $7.2 billion (1.4%)
    14. Hong Kong: $7.1 billion (1.4%)
    15. Russia: $6.3 billion (1.2%)
    These 15 countries are france’s key trading partners.As France exports a number of valuable commodities including machinery and transportation equipment, aircraft, plastics, chemicals, pharmaceuticals, iron, steel, consumer products, petroleum and cars & vehicles,the country starts to attract more countries as these exports are significant for every countries’ growth.With these equipment and services,it can help in growth of economy of different countries,thus France have quite a number of key trading partners.



    ]]>     2018-05-15 05:14:46 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260719005     Fact Sheets bryceteoh https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260864141 Some fact sheets are attached to the wall with elaborations to give a little more insight  on the economy of France.]]> 2018-05-15 14:16:01 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260864141 [GDP] New President increases France Economy fabyanang https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260945243 The new president and reforms has increased the confidence of foreign investors and faith in the government from the citizens.
    With the reform in Government policies such as decrease in tax and lower interest rates, it has led to an increase in consumption from households. This can be linked to the increase in GDP where the government creates more jobs for its citizens thus increases their disposable income and spending. As the Government and its new president invests money on decreasing taxes, offering incentives and benefits to its unemployed, and investing in building up more facilities and improving its environment like telecommunications and routes. Contracting it to firms in the country, it results in more jobs opened to the population leading to a higher economy which contributed to its increase in GDP. As firms will have to invest in physical capital and labour to keep up with productions and meet the contracts of the government. The global upturn caused other countries to have an improve economy allowing them to purchase more goods and services from France and with the global increase in economy led to more confidence for investors to invest into the France economy. This helps to boost France GDP as the import and export increase leading to more goods being produced and firms investing more money on machinery and consumer demanding better quality and more quantities of goods and services. This factors have thus turned France from a stagnant and depleting country to a booming one where jobs and economy is increasing steadily.

    WANG: Good. Do bring in the AE function and examine how the events mentioned here impact the specific components of the AE and also the real GDP. It's timely to mention the multiplier effect since we have covered it in class.



    ]]>     2018-05-15 17:25:01 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260945243     Two sides to a coin fabyanang https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260952383 As France decreases its unemployment rate through the reform by President Macro offering more jobs to its citizens. It caused an adverse effect on France's own public employment office, as the increase in job employment has caused 4000 of its 55,800 employees to lose their jobs due to the lack of people seeking jobs as they already have one. Thus, there's two sides to a coin and the government needs to anticipate the changes and be prepared to roll out schemes to save employees from losing jobs. This can also be applied in the future when the technology processes takes over most of the engineering jobs. At that point of time, the government should ask themselves how and what they can do to safe guard this citizens from not having a job. If not this skilled ex-employees would gradually find jobs that are not suitable for their skill levels, potentially leading to discouraged workers. This can be describe that the president's decision to create more jobs has led to an unforeseen circumstances, although it has potentially helped the GDP increase on majority of its population to find a job it has led to a sort of decrease in economic development as the remaining 4000 people that work in the jobseeker agency are now left jobless, this may have a negative impact on the government from the POV of the 4000 potential retrenchment workers, leading them to have a lower quality of life and standard of living. Even if its just 1 it is still one to many in my point of view. Even though this is a compulsory action to regain France economy by increasing more jobs, they should look at the secondary effect it has caused to the 4000 people as most of the time secondary effect comes off worst than the primary effect. With the reform, it has decreases its unemployment rate but may have inevitable caused a social unrest from the 4000 people who will likely be retrenched as it will lead to grape vines and reduce confidence in the president.



    ]]>     2018-05-15 17:41:12 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/260952383     Overall Comments I_M_WANG https://padlet.com/bryceteoh/1g798sfvlo7m/wish/264471744 Bonjour Team! 
    Thanks for the effort in conducting prelim analysis. 
    I noticed all of you are doing a part of the analysis so some might have points on GDP, others on unemployment. Need to come together and group these points together for your report writing. 
    Your team still requires one more concept to be covered. Suggest inflation!

    Have a look at my feedback/suggestions highlighted in purple for each of the post-it. These are largely for you to consider including in REPORT.     ]]>     2018-05-30 08:58:47 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/264471744     Inflation jarelzzftw https://padlet.com/bryceteoh/1g798sfvlo7m/wish/267649939 French inflation has increased in May, eliminating the hope that price growth would be steady. This is France's highest inflation rate since August 2012, hitting 2% as energy surges and prices of food and beverage increasing at a faster pace.
    Reasons why the inflation rate has increased :
    1)A sharp increase in energy prices.
    2)Food product price rising.
    3)A slowdown in prices of service.

    WANG: Remember I said trading economics isnt news article but more of data sheet? 
    Some questions you have to find out further. What is the current inflation situation in France? Any concerns? Cost push, demand pull or both? Why?     ]]>     2018-06-18 15:46:49 UTC https://padlet.com/bryceteoh/1g798sfvlo7m/wish/267649939