[eng] France allocates a smaller proportion of its resources to the purchase of foreign financial assets than do other European countries, not with standing the increase in net acquisitions over the past 10 years. The bulk of transactions, and this is a considerable amount, is devoted to...

[eng] The merit of economic models is that they make interdependencies explicit, and measure their effects quantitatively, thereby making it possible to make conditional projections, if not to make true predictions. They also permit retrospective analysis, which can be rich in information. It is...