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Government officials believed strongly in the need for France to build its own indigenous enterprises. They argued that the economic power enjoyed by foreign multinationals gave them the ability to dominate any markets they entered, at the expense of locally grown enterprises. Successive socialist governments in France expressed a desire to control economic activity through extensive planning and the nationalization of private businesses. Letting foreign multinationals into the country was thought to be inconsistent with this goal.
France's policy toward inward foreign direct investment began to change in the early 1980s...
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