Display:
The French Antilles economy is in the hands of a small group of heirs of the former colonists. They often enjoy monopoly privileges. Look at this group: Groupe Bernard Hayot. It controls huge swaths of the local economy.

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Wed Feb 18th, 2009 at 08:52:19 AM EST
[ Parent ]
And not just the French Antilles. I see that GBH has interests in Trinidad and Tobago, Cuba, the Dominican Republic, Algeria and Morocco. It's as if decolonisation never happened.

Among other things, GBH owns the Citroën importer in Algeria, something I would have expected to be owned by Citroën itself or a local Algerian tycoon. I also notice that a lot of GBH's business seems to involve running franchised branches for big French retailers, trading on their names and reputations.

by Gag Halfrunt on Wed Feb 18th, 2009 at 02:18:22 PM EST
[ Parent ]

Display:
Login
. Make a new account
. Reset password
Occasional Series