The Great Debate UK

from The Great Debate:

To boost entrepreneurship, France tries to change its attitude toward failure

By Peter Gumbel
January 23, 2014

When entrepreneur-turned-venture capitalist Mark Bivens first moved to Paris in 2001, he regularly introduced himself as someone who had started three software companies in the U.S., two of which had flopped. That’s a badge of honor in Silicon Valley, where failure is viewed as a rite of passage. Not in France. One day, a French colleague took Bivens aside and gave him some friendly advice: if you want to reassure people, stop talking about the companies that didn’t work out. “I soon realized that failure carries a stigma,” Bivens says.

from The Great Debate:

France says ‘Non’ to the digital age

By Peter Gumbel
January 10, 2014

France has kicked off 2014 with an array of skirmishes against Amazon, Google and other U.S. Internet companies, in what is shaping up as a classic battle between comfortable Gallic tradition and disruptive modernity.

from The Great Debate:

Too many cooks in the Iran nuclear kitchen

By Yousaf Butt
November 14, 2013

Last weekend, after years of failed negotiations, the “P5+1” nations -- the five permanent members of the United Nations Security Council (the United States, Britain, France, Russia and China) plus Germany -- finally appeared to be on the verge of a deal with Iran regarding curbs on its nuclear program.

from The Great Debate:

Foreign investment in France thrives despite gripes — for now

By Peter Gumbel
October 17, 2013

In France these days, every new industrial investment is welcomed with open arms, so when the Japanese machine-tools manufacturer Amada announced in mid-September that it was putting an additional $50 million into its existing production facilities, no fewer than two government ministers showed up for the signing ceremony. Much to their embarrassment, however, the chief executive officer of Amada, Mitsuo Okamoto, gave an interview that morning to a national French daily in which he castigated the national business climate, and said that if the company hadn’t already been in France for 40 years, “we would think twice about investing here for the first time.”

from The Great Debate:

The minister who dreams of a reindustrialized France

By Peter Gumbel
September 23, 2013

The body of Jean-Baptiste Colbert, Louis XIV’s wily finance minister, is encased in a marble tomb in the Church of Saint Eustache in central Paris. But if you believe Arnaud Montebourg, the enfant terrible of French politics, his spirit is still very much alive, 330 years after his death, and about to spark a new, digital-age industrial revolution in France.

from The Great Debate:

Is France closing for business?

By Peter Gumbel
May 23, 2012

Arnaud Montebourg, a member of the French parliament, has a problem with the iPhone. He thinks consumers in France should pay more for it than they already do. Why? Because, he says, the iPhone is made by “exploited” laborers in China who are taking away the jobs of French workers and the best way to redress that is by putting in place trade barriers and taxes that will stop “excessive imports.”

Hollande’s programme marks return of the Ancien Régime

May 10, 2012

By Laurence Copeland. The opinions expressed are his own.

Seeing the dewy-eyed kids at the post-election celebrations in Paris, I couldn’t help thinking how crazy it all was. The youngsters were plainly convinced they had a president to take their country forward into the new dawn –  after all, he campaigned under the slogan  “Le changement, c’est maintenant”. In reality, Francois Hollande’s programme is unambiguously regressive, with its stop-the-world-we-want-to-get-off determination to go in the opposite direction to every other country, its refusal to countenance any erosion of the country’s ruinously expensive welfare state and its complacent confidence that there is nothing to stop France carrying on as before. What better place to greet the return of the Ancien Régime than the Place de la Bastille?

What would markets and Merkel make of Hollande?

February 13, 2012

It’s time I came out of the closet and ‘fessed up. My friends, colleagues and family all know anyway, so ……OK, here goes.

Put the euro zone out of its misery

November 9, 2011

By Laurence Copeland. The author is a professor of finance at Cardiff University Business School. The opinions expressed are his own.

Capitalism and democracy under threat from euro zone crisis

November 3, 2011

By Laurence Copeland. The author is a professor of finance at Cardiff University Business School. The opinions expressed are his own.