You are here: Home › A formidable economy

A formidable economy

By Nhi Corcoran
-    Feb 05, 2019
Credit : GMI Post

Beyond luxury brands, rich culture, haute cuisine and joie de vivre, France is a formidable economy that has nurtured global brands in a wide range of industries – from BNP Paribas (banking), AXA (insurance), Total (oil and gas), EDF (energy), Sanofi (pharmaceutical), Renault (automotive), LVMH (luxury goods) and Thales (defense and aerospace).

As Europe's second largest economy and the world's sixth-largest, France continues to assert its economic influence. One of the country's largest companies, Total is also a global leader in the oil and gas industry.

Despite brewing social unrest, which erupted in late 2018 with the gilets jaunes (yellow vests) protests, France has maintained its economic strength. It is the second-largest economy in the European Union, the sixth-largest in the world and has an export-to-GDP ratio of 30%.

During a meeting with Claudine Serre, Director General of the European American Chamber of Commerce (EACC), we found out that the French way of life and their culture are what attract most people to do business in France.

In terms of bilateral trade, French investment in the United States reached $302 billion last year, with 4,800 French subsidiaries employing 678,000 people. Meanwhile, the United States remains the largest foreign investor in France with FDI amounting to $85 billion and 46,000 U.S. affiliated firms employing 481,400 people.

Even though France is already a developed country with well-established traditional industries, the country is adapting to a global economy in rapid flux. With a young and bold president at its helm, Emmanuel Macron is determined to build a knowledge-based economy and usher in Industry 4.0 through tax incentives and government support.

Clearly, France cannot be ignored. It is a country with a long history of independent thinking and creative innovation, unafraid to break from convention and confident of its ability to build a more progressive economy.

Advice on virus transmission vanishes from CDC website

The rapid reversal prompted consternation among scientists and again called into question the credibility of the world’s premiere health agency.

Rebuilding the nation and the region

The 14th General Election last May was intense and Malaysians will remember it long after the settles. Not only will they remember the gruelling mo...

Western Australian council is first adopter of Datacom's new local government technology

Datacom has rolled out the first phase of its customer service system for the town of Manjimup in Western Australia. Kicking off with Service Reque...

Separating environmental issues from business matters in Japan

News outlets are refraining from addressing the climate and coronavirus crises simultaneously.

Philippines' top EdTech startup secures Series A funding as it boosts reach and engagement

Edukasyon, the leading education technology platform in the Philippines, recently closed its Series A financing round, joined by Asian and European...

Japanese carmakers: A vital part of the U.S. economy

Over nearly four decades, Japanese-brand automakers have built up a vast American presence. It has made a cumulative manufacturing investment of ab...

Japan and Britain clinch U.K.’s first major post-Brexit trade deal

London and Tokyo were said to have fallen behind schedule due to differences over how much Japan would cut tariffs on cheese and farm imports ...

Malaysia: A fresh start

Ten months since historic elections that rocked the nation’s political landscape, Malaysia, once again headed by Prime Minister Mahathir Mohamad, i...

SilTerra: Defining tomorrow in Malaysia today

Globally ranked 16th by Gartner in the pure-play foundries category, SilTerra clearly punches above its weight. Originally set up in 1995 as a semi...

latest special Reports:

Upcoming Reports from




  • Global Media is your partner in reaching a powerful international audience through high-level economic reporting.

    Our ambition is to highlight under-reported developments and opportunities around the world, and allow leaders in these regions and sectors to take their message to the highest global level. We partner with top media to communicate with the world’s most powerful audiences. We specialize in communication and branding initiatives that help our clients effectively get their messages to their existing and potential partners. We achieve results for our clients by introducing them and their initiatives to an audience of elite international business and government leaders.

    Global Media Inc. is an independent media agency with offices in Hong Kong and Canada. GMI has more than a decade of experience in the writing, researching, and production of promotional country reports, with media partners from East Asia to North America. We have teams worldwide that develop country and thematic reports on the latest economic trends and developments.

    We are a media partner of Foreign Affairs,the United States’ most influential publication, published by the New York-based Council on Foreign Relations.

    Nearly a century old, there isn’t a more influential or higher-reaching publication in the United States than Foreign Affairs. The journal is ranked #1 in influence by U.S. opinion leaders in a recent nationwide study conducted by Erdos and Morgan, the premier business-to-business research firm. Their findings place Foreign Affairs ahead of all media, both print and broadcast, including The New York Times, The Wall Street Journal, The Economist, and The Washington Post.

    Testimonials:

    “We were extremely impressed with how efficient, well-coordinated, responsive and reliable the Global Media Inc. team was. We owe them a lot for their professionalism. We were very pleased with the outcome, and the article was very well-written. We hope to have an opportunity to work with Global Media Inc. again in the near future.� – Japan Airport Terminal Co. Ltd.
    “The Global Media team’s professionalism was excellent. Their team was great and always gave us the right suggestions and information. The product was excellent, and we were very happy to have such a great opportunity working with their excellent team.â€� – National Graduate Institute of Policy Studies (GRIPS)
    “We were honored to be chosen as one of the good universities in Japan. This article conveyed Seigakuin University’s educational ideals and the message from President Akudo. The advertisement was conspicuous and gave a good impression that Seigakuin nurtured students to contribute to world peace. We really appreciated what Global Media Inc. had did for us.â€� – Seigakuin University

    Whom we have featured:

    • Australian Prime Minister Julia Gillard
    • Australian Foreign Affairs Minister (and former Prime Minister) Kevin Rudd
    • Japanese Prime Minister Shinzo Abe
    • Qatari Minister of International Trade and Industry Dato’ Sri Mustapa bin Mohamed
    • Japanese Minister of Education, Culture, Sports, Science and Technology Yoshiaki Takaki
    • Taiwanese Foreign Minister Yang Chin-Tien
    • Taiwanese Finance Minister Lee Sush-Der
    • Taiwanese Economic Affairs Minister Shih Yen-Shiang
    • Taiwanese National Science Council Minister Lee Lou-Chuang,
    • Taiwanese Deputy Minister of Transport and Communications Yeh Kuang-Shih
    • Taiwanese Political Deputy Minister of Education Dr. Lin Tsong-Ming
    • Indonesian Ambassador to the United States Dr. Dino Patti Djalal
    • Indonesian Investment Coordinating Board Chairman Gita Wirjawan
    • Philippine President Benigno S. Aquino III
    • Philippine Senate President Juan Ponce Enrile

Join our newsletter

Sign up for our weekly newsletter to get the latest news and updates directly to your inbox.