Running on empty: The end ofdirigismein French economic leadership

Abstract

Since the early 1980s, France has transformed its pattern of economic policy‐making from a state‐led or dirigiste approach to a more market‐oriented one and generated a new set of dynamics between French business and government at regional, national, and European levels. Business has become more independent of the central state as a result of deregulation, privatisation, regional integration, and Europeanisation, more interdependent as a result of cross‐shareholdings, and more international in consequence of cross‐border mergers and acquisitions. State interventionism, where it remains, has become more circumscribed and less directive, targeting firms only in strategic areas or in trouble.

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