Pave: Anglo-Saxon Liberalism Still Driving French Economy

Le jour 283 de Sarko

France loses her FDI (scil., foreign direct investor/investment) allure.

FOREIGN DIRECT INVESTMENT CREATES FEWER FRENCH JOBS
PARIS February 21, 2008 (Guardian/Reuters)

U.S. MAINTAINS ITS LEAD AMONG FOREIGN INVESTORS IN FRANCE

February 21, 2008 (Fox/PRNewswire/Comtex) - In 2007, direct investment in France by U.S. companies created or maintained 5,668 jobs, while overall incoming foreign direct investment represented 34,517 jobs, Philippe Favre, President of the Invest in France Agency, the economic development arm of the French government, announced today.

Once again, the U.S. contributed the largest single-country share of foreign direct investments in France, accounting for 16% of all jobs created.

Making America the lead FDI in France for the fifth straight year.

While the average size of U.S. investments (43 jobs) has gotten smaller, recent trends show a rise in the quality of jobs created, with the latest U.S. investments focusing on services and innovation. ... The U.S. is the leading foreign investor in France, with nearly 3,000 companies supporting 600,000 French jobs,* while France is the second largest investor in the U.S., supporting almost 550,000 American jobs.**

Franchouilles often dismiss American investment in France as so many low-paid burger flippers, while French investment in America supports high-pay jobs. [Pause.] But the franchouilles are ass-backwards.

France supports her 550,000 American jobs with a $43.9 billion investment, or roughly $80,000 per job. America supports its 600,000 French jobs with an investment of $171 billion, or $285,000 per job, 3½ times the French investment per job.

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* Up 50,000 jobs from 2006.

** Down 50,000 jobs from 2006.

PFFT (What is this?): OK Anglo-Saxon liberalism ½ | Rayonnement français ½