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This volume provides a detailed and comprehensive assessment of the performance of the Spanish economy in the 1990s and examines Spain's future prospects versus European Economic and Monetary Union. It analyses recent structural changes in the Spanish economy and macro-economic performance, as well as developments in government policy. The book als
The so-called ‘Spanish miracle’, beginning in the mid-1990s, eventually became a nightmare for the majority of the population, culminating in the present-day economic and political crisis. This book explores the main features of the Spanish political-economic model during both the growth and crisis periods. Analyzing the causes and consequences of the continuing economic crisis in Spain, this book delves into five analytical axes: the evolution of the growth model; the role of Spain in the international division of labor; the financial sector and its influence on the rest of the economy; changes in the labor market; and the distributional consequences of both the expansive phase and the later crisis. Furthermore, contributors examine the formation of a triangle of actors (the government sector, building sector, and financial capital) that shaped the Spanish growth model, together with the effects of Spain’s membership in the Economic and Monetary Union. Also considering ecological problems, gender issues, and the immigration question, this book challenges the alleged recovery of living conditions during recent years, as well as the explanation of the crisis as the result of irrational behaviors or the greedy nature of certain actors. The Political Economy of Contemporary Spain provides a coherent explanation of the Spanish economic crisis based on a pluralistic approach, while proposing several measures that could contribute to a transformation of Spain’s economic and social models.
Growth and Crisis in the Spanish Economy: 1940-93 appraises the turbulent development of the Spanish economy over the last fifty years and places current economic problems in their historical context. The author examines the economic, political and social problems inherited from the Franco era and their evolution into the present. The book includes a detailed discussion of economic development under Franco, including the boom years of the 1960s followed by the decline of the early 1970s; an analysis of the decade of economic crisis which only ended in 1985; an evaluation of the economic successes achieved by the Gonzalez government during the second half of the 1980s; an examination of the causes and effects of the economic crisis in the early 1990s; and an analysis of why, despite serious attempts to revitalize the industrial sector, Spain still has one of the highest levels of unemployment in the OECD.
In the late 1980s, Spain became one of the most dynamic economies in Europe, opening up to international trade and capital transactions, particularly with the European Community following EU membership in 1986. Economic development was accompanied by a higher political profile and a new-found confidence. By the early 1990s, however, this carefully embroidered image of a strong Spanish economy was cracking, to reveal serious structural weaknesses.
This paper describes economic developments in Spain during the 1990s. Spain emerged from a recession in 1994, as real GDP increased by 2 percent, following a decline of 1.1 percent in 1993. The recovery was triggered by a surge in exports that started in mid-1993, in turn spurred by the sharp depreciation of the peseta in 1992–93, and the incipient recovery of domestic demand in other European countries. Private consumption picked up in early 1994 but provided only a moderate contribution to the turnaround.
The growth of institutional capacity in the developing world has become a central theme in twenty-first-century social science. Many studies have shown that public institutions are an important determinant of long-run rates of economic growth. This book argues that to understand the difficulties and pitfalls of state building in the contemporary world, it is necessary to analyze previous efforts to create institutional capacity in conflictive contexts. It provides a comprehensive analysis of the process of state and nation building in Latin America and Spain from independence to the 1930s. The book examines how Latin American countries and Spain tried to build modern and efficient state institutions for more than a century - without much success. The Spanish and Latin American experience of the nineteenth century was arguably the first regional stage on which the organizational and political dilemmas that still haunt states were faced. This book provides an unprecedented perspective on the development and contemporary outcome of those state and nation-building projects.
First Published in 2005. This title studies the 1981 insurrection of the Spanish 'Guardia Civil', motivated by political and economic factors. The politico-economic causes of the February incident have been succinctly summarized and traced the institutional causality which explains the peculiarities of contemporary Spanish development. Within are chapters on Spanish agriculture, policies, the industrial revolution, and the economic crisis.