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All Subjects: Economy
All Subjects: The United States
Creators: Thomson, Henry

Macron's Economy: Analyzing Labor Reform in France

Description

Alexis de Tocqueville, French political theorist and scientist, theorized in the 19th century that “France cannot reform except through revolution” (Heisbourg, 2016). As France continues to face a strained economy with high unemployment and stalled growth, the OECD recommends that France should implement labor reform “to promote job growth” (OECD, 2015). Labor reform refers to removing labor protections for French employees, resulting in an increase in firing and hiring flexibility for employers.

Recent governments in France have failed to bring about meaningful labor reform, faced with opposition in the streets or within their own political party. The election of Emanuel Macron, viewed as a political outsider who had never held elected office created his own political party, En Marche, seemed like the catalyst to lasting economic reform. However, if high unemployment and slow economic growth to comparable economies have been concerns for France since the beginning of the 21st century, why were past governments unsuccessful in implementing legislative actions to address labor reform?

This paper will argue that the election of Macron and the establishment of En Marche was caused by a shift in power that allowed Macron enough support to sway the political landscape of France and implement labor market reform. This largely has to do with the power struggle between France’s Outsiders, “those without secure employment, Insiders, “those with secure employment” and the Upscale group, “employers, the upper middle class, and the business and financial community” (Rudea, 2007). However, the degree and preservation of Macron’s reform plans are threatened by Insiders who have been stripped of employee protections.

ContributorsLoonam, Daniel Francis (Author) / Thomson, Henry (Thesis director) / Kirsch, Robert (Committee member) / Department of Information Systems (Contributor) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)

Created2019-05

Connections and Sanctions Participation

Description

Regarding the question “Why do sanctions fail?” the majority of sanctions studies take the perspective of the target countries or the interactions between the dyadic countries involved, but the sender countries’ impact on sanctions’ effectiveness is largely neglected. This dissertation looks at the domestic economic actors, i.e., enterprises and consumers, of the sender countries. By answering “Who participates in economic sanctions?” this dissertation assesses one factor potentially influencing the sanctions’ effectiveness: the sanctions participation and evasion inside the sender countries. More precisely speaking, this dissertation applies the factor of the political connections economic actors have with their governments to explain their participation in or circumvention from sanctions imposed by their own countries. This dissertation consists of three independent empirical papers, respectively. The first looks at the anti-Japanese consumer boycotts in China 2012, the second at the trade controls by companies inside mainland China targeting Taiwan in 2002, and the third, the Steel and Aluminum Tariffs imposed by the US since 2018. Generally speaking, the papers find that strong political connections in China promote sanctions participation, reflected via the larger transaction reduction by organizational consumers and State-Owned Enterprises, yet facilitate sanctions evasion in the US, reflected by the larger chance for tariff exemptions for companies with more political importance and monetary investment to the governments. Dissertation findings reveal the effect of connections on sanctions, and at the same time show how divergent institutions make one variable function in the opposite way.

ContributorsKONG, FANYING (Author) / Thies, Cameron (Thesis advisor) / Shair-Rosenfield, Sarah (Committee member) / Thomson, Henry (Committee member) / Arizona State University (Publisher)

Created2021

The Influence of Billionaires in the United States: Using YouTube

Description

Billionaires are a relatively new phenomenon, yet their influence is immense. Some billionaires hide in the shadows, and others are at the forefront of our society. With the advent of social media, the reach of billionaires at the forefront has expanded exponentially. Some sport their fancy lifestyles, some preach their views on the world, and some share what it takes to become like them. With 2.562 billion monthly YouTube users and millions of views for any video with or about billionaires, the reach the highly wealthy have is immense. So many are watching, raising two questions are the viewers watching with the intent of learning how to become a billionaire themselves or are they purely focused on entertainment value? Additionally, what purpose does speaking to the masses through YouTube serve for the wealthiest individuals in the world? This paper will attempt to answer these questions and dive deeper into the billionaire YouTube landscape. There will be a discussion of the immense power of billionaires, what it means to be one, and an analysis of a select few of America’s wealthiest individuals. Hopefully, this will give a better perspective on the wealth-based social media landscape.

ContributorsSchwager, Justin (Author) / Thomson, Henry (Thesis director) / Strickland, James (Committee member) / Barrett, The Honors College (Contributor) / Department of Marketing (Contributor) / Dean, W.P. Carey School of Business (Contributor)

Created2022-12