What can we say about economic restructuring in France to date?


On Friday October 13th 2017, the Environmental Transition, Work, Employment, and Social Policy chair (Paris Dauphine/Fondation maison des sciences de l'Homme) and The Veblen Institute for Economic Reforms co-organized the first in a series of 4 seminars on Economic Transition.

Can we identify success stories and failures? Are other countries doing better than we are? What recommendations can we make to the French government for its labor policy initiatives (labor market executive orders)? What can we say about the role that multinationals play in our economies?

This year’s 4-seminar cycle will focus on the topic of Economic Transition. The sessions will focus first on assessing the results of French restructuring to date where restructuring operations have often created veritable economic deserts, (for example after textile and steel plants left the country). Newt we will explore the complex relations between holding companies and their subsidiaries: corporations can decide to relocate their subsidiaries, and in doing so create dramatic upheavals in the regions they leave, without being held accountable. Here the concept of co-employment within a group of companies is critical. There are situations where regions have successfully transformed their local economies from mono-industry to something radically different. The chair has already studied the case of Loos en Gohelle, an old mining community in the Pas-de-Calais region, symbolized by slag heaps, that successfully transformed its economy by becoming a paragon of sustainable development.

The October 13th seminar took place at Université Paris-Dauphine and was lead by Dominique Méda, Professor, Université Paris-Dauphine, and Aurore Lalucq, Co-Director of the Veblen Institute.

What is happening in other countries? Can we identify the most promising public policy initiatives for successful economic transitions? Are there legal systems and/or international regulatory measures that would help anticipate risks?

To exchange and debate on these issues, the October 13th seminar was delighted to welcome :

  • Frédéric Bruggeman - President, ANTIME (ANTIciper les Mutations Economiques – anticipate economic mutations)
  • Bernard Gazier - Professor of Economics Emeritus, Université Paris 1
  • Edouard Martin - Member of the European Parliament
  • Claire Morel - consultant to works councils specialized in in economic and social assessment diagnostic (Syndex)
  • Thierry Weil - Associate Professor, Mines Paristech (Interdisciplinary Institute for Innovation) and Executive Director, La Fabrique de l’Industrie think tank

Click here for more information about seminars