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Languages : en
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Book Description
Spain : European Market for the 1980s
Author: Search for Efficiency in the Adjustment Process
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557750099
Category : Business & Economics
Languages : en
Pages : 56
Book Description
This paper discusses the main features of Spain's recent adjustment effort and assesses its impact on the overall economic situation. It provides a brief historical background on Spain's economic development from 1960 to the early 1980s. The chapter also discusses the authorities' stance on monetary and fiscal policy and examines the role of exchange rate policy in the recovery of the external accounts. The progress in the fiscal area would appear to have been less satisfactory when viewed in terms of the size of the nonfinancial deficit, which over 1982–1986 hovered about 5.5 percent of gross domestic product. The government's medium-term economic strategy is to consolidate the recent gains by maintaining the economy on a path of noninflation growth. Monetary policy is likely to continue to play an active role in this process, as was made clear in early 1987 when the Bank of Spain tightened its stance significantly in response to the buoyancy of domestic demand and the concomitant expansion of private sector credit.
The Spanish Welfare State in European Context
Author: Ana Marta GuillénPublisher: Routledge
ISBN: 1317014987
Category : Business & Economics
Languages : en
Pages : 339
Book Description
Following the death of Franco, Spain underwent a transition to democracy in the mid-1970s. Although a rapid process of modernization occurred, the Spanish welfare state was seen, until fairly recently, as relatively underdeveloped. However, given the progressive Europeanization and expansion of Spanish social policy, questions arise as to whether the Spanish welfare system should still be considered as peripheral to West European welfare states. This volume is divided into three sections. The first section deals with broad trends in the evolution of the Spanish welfare state. To begin with, the consolidation path of social protection policies is explored. Attention is also paid to the process of Europeanization. Furthermore, the analysis explores advances in gender equality policies. In the second section, attention is turned to governance issues, such as collective bargaining, the interplay among levels of government, the welfare mix and public support for social policies. The third and final part of the book addresses five main challenges facing the Spanish welfare state in the 21st century, namely, the need to enhance flexicurity; to achieve a better work-family balance; to coordinate immigration policies with existing social protection; to tackle the persistence of high rates of relative poverty; and to face intense population ageing, both in terms of increasing needs for care and the reform of the pension system.
Spain in the E.U. The Road to Economic Convergenc
Author: M. FarrellPublisher: Springer
ISBN: 0333977572
Category : Business & Economics
Languages : en
Pages : 235
Book Description
Spain and the EU takes the country's accession to the European Community in 1986 as its starting point and traces the changes in the national and regional economy, the shifts in national economic policy, and the fundamental restructuring of a public sector only recently enlarged as a result of the country's transition to democracy. The book identifies the challenges that continue to confront the Spanish polity under monetary integration in the pursuit of convergence towards the EU model, while retaining national cohesion. Aimed at an academic and general audience, the issues raised in this book have broader lessons for the management of integration at the national and sub-national level, particularly for new member states.
Silver, Trade, and War
Author: Stanley J. SteinPublisher: JHU Press
ISBN: 9780801861352
Category : Business & Economics
Languages : en
Pages : 382
Book Description
Silver, Trade, and War is about men and markets, national rivalries, diplomacy and conflict, and the advancement or stagnation of states. Chosen by Choice Magazine as an Outstanding Academic Title The 250 years covered by Silver, Trade, and War marked the era of commercial capitalism, that bridge between late medieval and modern times. Spain, peripheral to western Europe in 1500, produced American treasure in silver, which Spanish convoys bore from Portobelo and Veracruz on the Carribbean coast across the Atlantic to Spain in exchange for European goods shipped from Sevilla (later, Cadiz). Spanish colonialism, the authors suggest, was the cutting edge of the early global economy. America's silver permitted Spain to graft early capitalistic elements onto its late medieval structures, reinforcing its patrimonialism and dynasticism. However, the authors argue, silver gave Spain an illusion of wealth, security, and hegemony, while its system of "managed" transatlantic trade failed to monitor silver flows that were beyond the control of government officials. While Spain's intervention buttressed Hapsburg efforts at hegemony in Europe, it induced the formation of protonationalist state formations, notably in England and France. The treaty of Utrecht (1714) emphasized the lag between developing England and France, and stagnating Spain, and the persistence of Spain's late medieval structures. These were basic elements of what the authors term Spain's Hapsburg "legacy." Over the first half of the eighteenth century, Spain under the Bourbons tried to contain expansionist France and England in the Caribbean and to formulate and implement policies competitors seemed to apply successfully to their overseas possessions, namely, a colonial compact. Spain's policy planners (proyectistas) scanned abroad for models of modernization adaptable to Spain and its American colonies without risking institutional change. The second part of the book, "Toward a Spanish-Bourbon Paradigm," analyzes the projectors' works and their minimal impact in the context of the changing Atlantic scene until 1759. By then, despite its efforts, Spain could no longer compete successfully with England and France in the international economy. Throughout the book a colonial rather than metropolitan prism informs the authors' interpretation of the major themes examined.
Getting by in Europe's Urban Labour Markets
Author: Inge van NieuwenhuyzePublisher: Amsterdam University Press
ISBN: 9089640509
Category : Political Science
Languages : en
Pages : 235
Book Description
A thesis that examines two major social changes experienced by European cities: post-industrial economic restructuring and new immigration flows. It also discusses the link between both these social changes with a variety of theoretical approaches and in many descriptive contributions.
The Rise of Spanish Multinationals
Author: Mauro GuillénPublisher: Cambridge University Press
ISBN: 9780521847216
Category : Business & Economics
Languages : en
Pages : 304
Book Description
A 2005 analysis of both the causes and consequences of the international expansion of Spanish multinational firms.
Explaining Unemployment in Spain
Author: Mr.Jeffrey R. FranksPublisher: International Monetary Fund
ISBN: 1451852576
Category : Business & Economics
Languages : en
Pages : 42
Book Description
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.
Growth and Crisis in the Spanish Economy: 1940-1993
Author: Sima LiebermanPublisher: Routledge
ISBN: 1134803923
Category : Business & Economics
Languages : en
Pages : 388
Book Description
An appraisal of the turbulent development of the Spanish economy over the last fifty years and an evaluation of the current economic and social problems within an historical context.
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