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The current stock market crisis followed the period of fastest growth in world markets in history. How can this be explained? And what does it indicate for the future? While the bullish market that preceded the crisis was hyper-inflationist, we are now experiencing a period of deflation, a drop following on the heels of a vertiginous rise. In this respect, Petits interpretation is that of the regulationists: the crisis is one of confidence. He also describes how the crisis has revealed structural weaknesses in various countries. Jean-Pierre Petit is head of economic research for the investment company Exane.
"Being a prefect is to do a job that comes with demands and responsibilities which are often not recognised. It is equally to accept a mission - that of representing the Republic. It is also adapting to the contradictions of the modern world." Paul Bernard Paul Bernard, a legal expert, has had a long prefectoral career which took him to various regions of France, including Aveyron, Sarthe and Corsica, before becoming the prefect of Rhône-Alpes and president of the Association du Corps Préfectoral et des Haut Fonctionnaires du Ministère de lIntérieur.
"We need to reconstruct political thought. Antiquated ways of seeing, archaic thought patterns, and bygone paradigms anaesthetise France and paralyse the nations ability to act. Political action must now provide a global reply to the question: What must be done? Courage depends above all on independent thought freed from all customs and conventional patterns, writes Claude Bébéar.
Discussions about the U.S. tend to be heated, both in France and within America itself. To see this issue clearly, it is necessary to move away from a stereotypical vision, created by prejudice. What we notice immediately is the image of success and power, but also continuing tensions, unresolved dilemmas, and a problem in cooperating with the rest of the world. Politics, economy, religion, relations between individuals and communities, the law and the role of the judiciary, social and racial fragmentation : these are all themes dealt with in this book, with a view to ending misconceptions and to take us beyond the old Franco-American misunderstandings. Jacques Andréani was Frances ambassador to the United States from 1989 to 1995.