France in the EU Economic System: The Peerless Second
| Autor: | O. V. Butorina |
|---|---|
| Jazyk: | English<br />Russian |
| Rok vydání: | 2024 |
| Předmět: | |
| Zdroj: | Vestnik MGIMO-Universiteta, Vol 17, Iss 5, Pp 7-44 (2024) |
| Druh dokumentu: | article |
| ISSN: | 2071-8160 2541-9099 |
| DOI: | 10.24833/2071-8160-2024-5-98-7-44 |
| Popis: | France and Germany have historically played pivotal roles in formulating and advancing the economic policy of the European Union. The conceptual frameworks of German ordoliberalism and French dirigisme underpin the dual foundations of European economic integration. The United Kingdom’s departure from the EU has reconfigured the composition of the Union’s core, amplifying Germany’s significance. This shift simultaneously elevates the Franco-German partnership while rendering France’s position within the Union increasingly contingent upon its tangible economic strength. This article seeks to examine the evolving role of France within the EU’s economic architecture, identify critical long-term trends, and forecast possible realignments in the balance of power within EU economic governance. The analysis includes an overview of France’s intellectual and executive contributions to European economic and monetary policies, followed by a comparative assessment of international statistical data, emphasizing GDP dynamics, demographic trends, per capita income, trade balance, and R&D investment.The findings reveal that, despite being the EU’s second-largest economy, France has exerted a disproportionate influence on the Union’s economic governance, surpassing that of any other member state. French representation in the upper echelons of EU economic and financial policymaking has been unmatched. In the contemporary geopolitical landscape, French dirigisme is experiencing a resurgence of relevance.Nevertheless, France’s share of the EU’s overall GDP has been progressively declining, even as its demographic contribution to the Union has grown. With respect to per capita income, France ranks 10th among EU member states, marking the lowest position among the core economies. The aftermath of the global financial crisis and the eurozone debt crisis has led to a significant erosion of France’s international competitiveness. Should these trends persist, projections indicate that France’s GDP per capita will fall below the EU average by the end of the decade, potentially signaling a shift from core to semi-peripheral status. This development would exacerbate the asymmetry within the Franco-German axis, complicating efforts to recalibrate EU economic governance and policy direction. |
| Databáze: | Directory of Open Access Journals |
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