Growth and Crisis in the Spanish Economy: 1940-1993

BOOK COVER......Page 1
HALF-TITLE......Page 2
TITLE......Page 4
COPYRIGHT......Page 5
DEDICATION......Page 6
CONTENTS......Page 7
GRAPHS......Page 10
TABLES......Page 12
ACKNOWLEDGEMENTS......Page 17
INTRODUCTION......Page 18
REFERENCES......Page 33
1 THE SPANISH ECONOMY UNDER THE FRANCO REGIME......Page 34
THE SPANISH ECONOMY IN THE 1940s......Page 43
THE SPANISH ECONOMY IN THE 1950s......Page 55
THE NATIONAL STABILIZATION PLAN OF 1959......Page 67
REFERENCES......Page 72
2 STIMULANTS AND IMPEDIMENTS IN THE ECONOMIC BOOM OF THE 1960s......Page 73
THE BEGINNING OF ECONOMIC RECOVERY AT THE END OF 1961......Page 79
1962......Page 82
1963......Page 89
1964......Page 95
1965......Page 97
THE FRANCO REGIME IN THE MID-1960s......Page 101
The economy in 1966......Page 104
1967......Page 107
1968......Page 108
1969......Page 109
AN EVALUATION OF SPAIN’S ECONOMIC GROWTH IN THE 1960s......Page 111
WAS SPAIN’S INDUSTRIALIZATION HISTORY TYPICAL OF WESTERN EUROPEAN EXPERIENCE?......Page 116
DID THE SPANISH ECONOMY MOVE TOWARD A FREE MARKET SYSTEM IN THE 1960s?......Page 127
REFERENCES......Page 130
3 THE 1970s......Page 133
1970......Page 134
Size of Spain’s firms......Page 138
Trade relations......Page 141
1971......Page 145
1972......Page 146
Trade and the growth of the economy......Page 148
1973......Page 153
The political background 1969–73......Page 155
Relations with the EC......Page 157
The industrialization of the Spanish economy......Page 159
The effects of the oil crisis of late 1973 in 1974......Page 167
The political events of 1974–5......Page 170
FROM MONARCHY WITHOUT A MONARCH TO THE BEGINNING OF THE REIGN OF DON JUAN CARLOS I: THE ECONOMIC CRISES OF THE LATE 1970s......Page 174
The world economy in the early 1970s......Page 176
The Spanish economy in 1975......Page 179
Politics in the first years of the new monarchy......Page 181
The economy in 1976......Page 187
THE TRANSITION TO DEMOCRACY: 1977, 1978......Page 188
THE CLOUDED DAWN OF THE NEW DEMOCRACY......Page 200
1979......Page 202
REFERENCES......Page 204
REVIEW OF THE SPANISH ECONOMY AT THE START OF THE 1980s......Page 206
THE FALL OF THE UCD GOVERNMENT......Page 222
THE SPANISH ECONOMY UNDER UCD LEADERSHIP......Page 224
1980......Page 226
1981......Page 229
1982......Page 233
The steel industry......Page 238
Shipbuilding......Page 240
Other subsectors......Page 241
Energy policy......Page 242
Employment policy......Page 243
Size of firms......Page 244
R & D......Page 246
The financial structure of firms......Page 249
SPAIN AND THE EUROPEAN COMMUNITY: 1975 TO 1982......Page 251
 1981......Page 256
1982......Page 258
THE FIRST THREE YEARS OF THE PSOE GOVERNMENT: 1983–5......Page 260
1983......Page 261
The Socialist government......Page 264
1984......Page 265
1985......Page 268
Summary of the government’s economic achievements, 1983–5......Page 269
REFERENCES......Page 271
STRUCTURAL EVOLUTION OF THE SPANISH ECONOMY: 1970–85......Page 273
SPAIN’S ENTRY INTO THE EUROPEAN COMMUNITY......Page 282
SPAIN’S BANK CRISIS OF 1977–85 AND THE FINANCIAL PROBLEMS OF THE COUNTRY’S INDUSTRIAL FIRMS......Page 289
CRITICISMS OF THE FIRST FELIPE GONZALEZ ADMINISTRATION......Page 294
THE OECD ECONOMIES IN 1986......Page 296
THE NEW SPANISH ECONOMIC MIRACLE......Page 303
CRISIS, RECOVERY AND INDUSTRIAL POLICY......Page 307
1987......Page 317
1988......Page 320
1989......Page 322
1990......Page 323
 1987......Page 324
The success of restructuring and economic planning......Page 327
1988......Page 330
Unemployment in Spain......Page 333
1989......Page 337
1990......Page 341
CONCLUSION: THE ECONOMIC ACHIEVEMENTS OF THE PSOE GOVERNMENT DURING THE SECOND HALF OF THE 1980s......Page 342
REFERENCES......Page 344
THE SPANISH ECONOMY IN 1991......Page 346
THE SPANISH ECONOMY IN 1992......Page 351
THE SPANISH ECONOMY IN 1993......Page 360
STOPPING SPAIN’S DEINDUSTRIALIZATION......Page 368
REFERENCES......Page 372
BIBLIOGRAPHY......Page 373
INDEX......Page 377