French_ID's - Ancien Regime: The complex patchwork of...

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Ancien Regime : The complex patchwork of institutions that controlled France during the Louis XIV reign. Made up of state bureaucracy of legal-rational code. The absolutist state coexisted with a feudal system and the Catholic Church an ally of the feudal authorities. The Ancien Regime was controlled by nobility and feudal privileges. Page 219 Postwar Settlement : The pattern of compromise among key social classes and social forces that worked together within the French system to promote economic modernization and growth after WW II. Page 235 Indicative planning : A national Planning Commission of civil servants appointed by the gov’t established broad national economic and social priorities for four or five years after the WW II. Page 235 Statism : 5 th Republic under Gaualle, government controlled indirectly or directly over capital. State lending money to one sector vs. another. National Champions : Firms that the state steered cheap credit towards, these were considered favored firms and key industrial sectors by the state and encouraged the creation of large firms. The gov’t owns all or majority stake in the companies. Example from notes Sanofi and Aventis Page 236 Dirigisme: The relationship between the state and economy. This highlighted the state’s importance in steering the economy. The control of the state over the economy was done through offering subsidies, loans and tax write-offs, restructuring key sectors by steering credit and pressuring medium-sized industrial firms to merge to create national champions, and creating and managing entire industries. Page 236 The thirty glorious years : The period between 1945-1975 when France’s average growth rates in GNP was greater than any other country other than Japan. The average income between 1946-62 tripled. Page 236. May 1968 : The Gaullist regime implemented change economically that brought on nationwide series of strikes and demonstrations over government imposed wage restraints, reduction of trade union representation on the boards of social security (public health) system, and the expansion of higher education. Different groups banded together over the opposition to high-handed style of authority in universities, political institutions, and workplaces. The May 1968 brought on a period of intense labor mobilization. Page 237-238
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Normalization: The effective balance between the public and private control of the economy by the French gov’t. Although privatization is a shift from France’s history as the book states it can be misleading. Executives trained in state-run elite schools who belong to an elite network direct many of the largest private firms. Also state-owned banks own large amounts of shares in private firms giving the state a lever for influence. Page 241 Convergence Criteria : Criteria stated in the Maastricht Treaty with the EU. The criterion commits states to limit the state’s budget deficit to 3% of the gross domestic product (GDP) and public debt to 60% of the GDP. page 242
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This test prep was uploaded on 04/18/2008 for the course PSCI 000 taught by Professor Hongkong during the Spring '07 term at Mary Washington.

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French_ID's - Ancien Regime: The complex patchwork of...

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