Political Economy of Contemporary Spain

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Antonio Sanabria Martin
Balance Sheet Recession
Bibiana Medialdea Garcia
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Euro crisis
Eurostat Data
External Insertion
F. Javier Murillo Arroyo
FDI Flow
FDI Outflow
financialization
Gdp Growth
Higher Technological Intensity
inequality
Juan Pablo Mateo
labour market
living conditions
Lucia Vicent Valverde
Manuel Gracia
Maria Eugenia Ruiz-Gez
Maria Jose Paz
Miguel Montanya Revuelto
Nominal Gdp
Private Debt Crisis
Product Capital Ratio
Real Estate Complex
Redistributive Capacity
Ricardo Molero-Simarro
Severe Material Deprivation
Spain's Economy
Spain's Labor Market
Spain’s Economy
Spain’s Labor Market
Spanish Economy
Spanish Financial System
Spanish Labor Market
Spanish miracle
Total Material Requirements
unemployment
Wage Adjustment
Wage Devaluation
Wage Share
World Top Incomes Database

Product details

  • ISBN 9780367592745
  • Weight: 453g
  • Dimensions: 156 x 234mm
  • Publication Date: 14 Aug 2020
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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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.

Luis Buendía is Assistant Professor of Public Economics and Political Economy at the University of León, Spain. Since 2014, he has taken part in a project on the crisis in Southern Europe, financed by the Sheffield Political Economy Research Institute, and he has also been a member of the Steering Committee of the Asociación de Economía Crítica (Critical Economics Association).

Ricardo Molero-Simarro is Honorary Fellow at the Department of Applied Economics I (International Economics and Development) of the Complutense University of Madrid, Spain. He has also been a researcher at the School of Oriental and African Studies, UK, and the Peking University, China. His lines of research include aspects of income inequality, as well as monetary systems. In 2014, he was invited as a speaker to the Labour Economics after the Crisis Conference organized by the European Commission.