The Least Competitive Labor Markets in the World
2# France
France is the most visited country in the world and maintains the third largest income in the world from tourism. The French economy is diversified across all sectors.
The government has partially or fully privatized many large companies, including Air France, France Telecom, Renault, and Thales.
However, the government maintains a strong presence in some sectors, particularly power, public transport, and defense industries. In January 2014 HOLLANDE proposed a “Responsibility Pact” aimed primarily at lowering labor costs in return for businesses’ commitment to create jobs.
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