The European Union and Economic Reforms: The Case of Spain

Royo, Sebastián (2006) The European Union and Economic Reforms: The Case of Spain. Elcano Newsletter (25). 20 p.. ISSN 1698-5184

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Abstract

Since the 19th century, the obsession of Spanish reformists has been to bridge the gap between Spain and modernised countries. This paper examines Spain’s integration experience in the European Union in order to study how integration has affected its economic structures and economic performance. It examines the relationship between regional integration, economic growth and economic reforms in this country, and draws some lessons based on its EU integration experience. In particular it looks at the impact of European Monetary Union (EMU) on the Spanish economy. While the overall benefits of EMU membership are undeniable, contrary to expectations it has not led to a process of deep economic structural reforms that would have fostered the development of an economic growth model based on value-added and productivity. The examination of the Spanish case will show that the process of economic reforms must be a domestic process led by domestic actors willing to carry them out.

Item Type: Article
Additional Information: Estudio disponible sólo en inglés
Uncontrolled Keywords: Europa
Subjects: INTERNATIONAL COOPERATION > INTERNATIONAL RELATIONS > ECONOMIC INTEGRATION.
INTERNATIONAL COOPERATION > INTERNATIONAL RELATIONS > REGIONAL INTEGRATION.
INTERNATIONAL COOPERATION > INTERNATIONAL RELATIONS > SINGLE EUROPEAN MARKET.
INTERNATIONAL COOPERATION > COUNTRIES AND REGIONS > SPAIN
ECONOMIC POLICY; SOCIAL POLICY; PLANNING > ECONOMIC POLICY; PLANNING > ECONOMIC POLICY.REGIONAL POLICY
ECONOMIC POLICY; SOCIAL POLICY; PLANNING > ECONOMIC POLICY; PLANNING > ECONOMIC REFORM
ECONOMIC CONDITIONS; ECONOMIC RESEARCH; ECONOMIC SYSTEMS > ECONOMIC CONDITIONS > COST OF LIVING.ECONOMIC GROWTH
Divisions: Real Instituto Elcano, RIE
Depositing User: Jorge Horcas Pulido
Date Deposited: 13 Feb 2012 14:54
Last Modified: 13 Feb 2012 14:54
URI: http://biblioteca.ribei.org/id/eprint/1119

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