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The Asian side of the world - II

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Jean-François Sabouret

Part One. Regional dynamics and globalization

Tourism in the French Pacific collectivities: troubled waters

Jean-Christophe Gay

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December 2012

At a time when the clouds are gathering over the French economy and there is increasing discussion of its loss of competitivity, the economies of her overseas territories have already been languishing for a long time. Their economic system is at the edge of the abyss, with 25% unemployment in the French overseas departments. The high cost of living is a source of social tensions, underscoring extreme socio-economic inequalities1. Demonstrations, blockades and general strikes occur one after another. The French Caribbean islands are even known in the American Anglophone world as the “strike islands”! The fire is smouldering, and the State has transformed itself into a firefighter, in keeping with what we modestly call “national solidarity.” We increasingly use the expression “greenhouse economy2” to evoke the economic problems of the overseas territories, a clever epithet to describe a model of development that is isolated, untenable and artificial, based on under-taxati...

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