Columbia International Affairs Online: Working Papers

CIAO DATE: 05/2009

France and Globalization

Daniel S. Hamilton, Joseph P. Quinlan

June 2008

Center for Transatlantic Relations

Abstract

Globalization is changing all of our lives as the pace of economic interdependence grows between developed and emerging countries. Debate thrives about whether globalization has been good or bad for European consumers, workers, companies and governments and what are the prospects in the future. In a dynamic and uncertain world can Europe act to take advantage of the opportunities created by globalization and mitigate its challenges? The Executive Council of the American Chamber of Commerce to the EU commissioned the study Globalization & Europe: Prospering in the New Whirled Order from Daniel Hamilton and Joseph Quinlan to contribute to the debate about globalization and to help shape Europe’s response. Given the huge importance of France in Europe and as France is about to assume the Presidency of the EU, the Executive Council decided to take a closer look at France. We asked the authors to take a series of metrics and measure the impact of globalization on France’s consumers, workers, companies and government. Our goal is to demystify globalization and to make it more understandable to individuals. Ultimately, by providing a fact based and objective analysis which demonstrates clearly that in overall terms Europe and France have reaped substantial and tangible benefits from globalization, we hope that the study will help make globalization more acceptable to individuals and ensure that Europe and France take actions which enable consumers, workers, companies and governments to benefit further from globalization.