Foreign direct investment, economic growth and structural transformation: The case of West African Economies and Monetary Union Countries

This article examines the long run relationship and the causality between the growth of GDP per capita and FDI in WAEMU countries. Thereafter, it measures the impact of FDI on Total Factor of Productivity (TFP) in the short and long run, for different values of the depreciation of capital stock. Using observation between 1970 and 2012, the econometric analysis provides three key results. First, there is a strong evidence of long run relationship between the growth of GDP per capita and the ratio of FDI inflows. Second, there is bidirectional causality between these two variables. Third, there is a positive and significant effect of FDI on TFP in the long run, conditional on low level of depreciation of capital stock. Therefore, for policy implications, WAEMU countries should intensify their investment in education and health in order to boost the quality of human capital stock and sufficient absorptive capacity necessary to acquire technological transfer from FDI. They should also strengthen their openness, to attract FDI inflows, and invest in infrastructure to better control the depreciation of physical capital stock

Governance traditions and narratives of public sector reform in contemporary France.

This article explores the basic traditions of governance in contemporary France and the narratives of public sector reform associated with them. It should be stressed right from the outset that this article does not aim to describe the set of public sector reforms that have been implemented in France in the last ten years or so. Instead, the aim is to demonstrate the similarities and differences between the narratives of the left and the right with regard to these reforms and to show how these narratives help to explain the types of reform that have been enacted. The basic argument is that there is a certain commonality to both the left and the right with regard to their narratives of public sector reform. At the same time, though, there are differences of emphasis both within each tradition and between the two main traditions themselves. Except where indicated, all translations are the author's own

Coopération et fusion des entreprises françaises et allemandes

Giscard d'Estaing Olivier. Coopération et fusion des entreprises françaises et allemandes. In: Politique étrangère, n°2 - 1966 - 31ᵉannée. pp. 136-156

Signification d'un anniversaire

Giscard D'Estaing Valéry. Signification d'un anniversaire . In: Economie et statistique, n°24, Juin 1971. pp. 3-4

Sang putri dan sang presiden

Buku ini bergenre fiksi yang menceritakan sang putri dan sang presiden di sebuah negara eropa yaitu inggris

The role of governments in economic affairs

European Governments are increasingly re-examining their roles in relation to economic management and industrial policies, with dramatic developments being observed in the UK, Belgium and Holland. In this paper, M. Giscard d'Estaing writes from the perspective of the former President of the French Republic in analysing what Governments should not do and what they should do. They should not, he argues, employ price and wage controls, become directly involved with the channelling of savings and investments, or employ exchange and trade controls. They should implement stable monetary policies and predictable fiscal policies. They still have to work out what to do about long term demographic trends, technology, space and defence, and above all, Europe's inability to generate more employment. This paper was originally read to the Top Management Forum in Vienna on May 14th 1985. The Top Management Forum is organized by Management Centre Europe and The Economist.