Recent Developments in World Trade
Need for Export Markets According to Prime Minister Ferry, industrial France needs outlets or markets to export their products and colonies provide the most effective market for selling French goods. Major French industries such as textiles need more outlets for economic growth. Neighboring countries such as Germany had started to implement trade barriers and the United States had implemented protectionist policies, further increasing the need for new markets for French goods. In addition, the industrialized nations had started to push their products into the French markets. Overall, the markets for French goods were shrinking, both and abroad and colonies ...