How is it that the modest pace of change which typified the French economy a century ago gave way after 1945 to a new, revived capitalism and a superior economic performance? Maclean traces the development of French economic and business life in the context of the European and international economy over the past fifty years. She examines the main economic trends and events: from nationalization to privatization; from war with Germany to reconciliation and ever-greater union; from the franc to the euro; and from national champions to mega-mergers with foreign companies. Maclean argues that the new French capitalism of the twenty-first century is the product of an ideological struggle in which the forces of modernization triumphed over the old guard of French nationalism.

Introduction: French Business in Transition Eduring Influences: French Business and the State Liberation, Modernisation and the Fourth Republic The 'Goldon Age' of the Gaullist Era The Giscard Years: From Prosperity to Deepening Crisis The Socialist Experiment: Coming to Terms with Economic Realities Competitive Liberalism and European Ambitions French Business and Global Economic Integration Conclusion Bibliography Index

MAIRI MACLEAN is Professor of European Business at the University of the West of England, Bristol. She has published widely in the field of French business and comparative European business.