The Political Economy of Contemporary Spain

From Miracle to Mirage

Bibliographic Data

ID19917422
EditorsLuis Buendía (0000-0002-8507-7538), Ricardo Molero-Simarro
Year2018
Publication date2018-02-05
Open AccessNo
TypeBOOK
VenuePolitical Economy of Contemporary Spain (SOURCE_BOOK)
PublisherRoutledge (PUBLISHER • GB)
DOI10.4324/9780203728789
OpenAlexW2909215593
ISBN9780203728789
Open LibraryOL39613574M
LanguageEN
Citations received5

Introduction Following analysis of the fundamentals of the Spanish economy’s growth model and external insertion, this chapter examines the financial dynamics on which both have been sustained. This dynamic began with a process of overindebtedness in which expansion of the economy was rooted; this process created a high degree of financial vulnerability, caused by the outbreak of a private debt crisis that dragged the economy as a whole into recession. In this chapter, we also examine how this debt crisis and its implications have been managed. As we shall see, the imbalances that accrued in the financial sector of the economy during the expansionary period were the most obvious manifestation (consequence and cause) of the limits faced by the Spanish economy in terms of accumulation (as analyzed in Chapter 1), accentuated by the dependent nature of Spain’s external productive and commercial insertion (as explained in Chapter 2)

Economics · Economy · Geography · Political economy · Political science · Politics · Contemporary and Historical Greek Studies · Economic Theory and Policy · Housing, Finance, and Neoliberalism · Law · Business & Economics · Economic conditions · Economic history · foreign economic relations · General · Globalization · International economic relations · International economics · International Political Economy · Labour economics · politics and government · Reference · Spain

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