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Yet Mr Messerlin thinks that protection in 22 heavily protected sectors safeguards only 200,000 jobs at a cost of $43 billion a year or some $215,000 per job, enough to buy each lucky worker a new Rolls-Royce every year.
Overhauling protected sectors of the economy is no longer a priority of the leadership.
This produces paradoxes: France's political culture is such that young people are prone to mobilise against any kind of reform, especially if they believe it damages their chances of entering "protected" sectors.
French trade unions represent only 7% of the active population, mostly employees already in highly protected sectors – partly because trade union finances are closely connected to the public sector and large enterprises.
These include opening protected sectors and labor markets to competition, reducing bloated government payrolls and addressing pernicious tax evasion, which robs the treasury of an estimated €50 billion in income each year.
But the government has also sought to attract foreign investment by opening protected sectors of the economy like retail and airlines to foreign competition — policies thought to result from Mr. Singh's economic realism.
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In central Italy, sugar beet production, another heavily protected sector, stimulated a new refining industry.
TIP iShares TIPS The iShares etf, TIP, which is 90% invested in the inflation protected sector of the U.S. Treasury market currently offers a compelling yield.
The strategy calls for cooperation among government, industry, and private citizens and is designed to protect sectors such as transportation, banking and finance, chemical industry and hazardous materials, and nuclear power plants.
On 26 January Zabala met with Džakula in Okučani and reassured him that the UNPROFOR would protect Sector West from a Croatian attack, agreeing to provide the RSK with a written guarantee to that effect.
Seven strategies are examined using AVM: least cost, least protected, region protection, sector protection, highest protective gain, highest consequence and random protection.
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