Publication
15 Jan 2010
The Spanish economy became too dependent on internal, as opposed to external, demand as the driver of growth, particularly the construction sector. The collapse of this sector brutally exposed the shortcomings of the lopsided economic model and caused unemployment to skyrocket. The economy needs to become more internationalized through exports and direct investment abroad by its companies and banks in order to create jobs on a more sustainable basis and employment of a higher quality.
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English (PDF, 32 pages, 941 KB) |
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Author | William Chislett |
Series | Elcano Royal Institute Working Papers |
Issue | 1 |
Publisher | Elcano Royal Institute of International and Strategic Studies |
Copyright | © 2010 Elcano Royal Institute of International and Strategic Studies |