Economic policy!

Economic policy!


Spain is currently considered a typical case of poor country rich. From country of emigration, immigration became an absorbing large numbers of workers from North Africa and Latin America. In a nation that seemed to live solely on past glories with a confidence in the future. And finally, a country whose average income was only a fraction of Europe and is now able, accounting gimmicks aside, this approach.

A quick analysis of the economic history of the Spanish and the Franco regime itself is sufficient to show how the economic base from where he started this "Spanish miracle" was far more substantial than it seems and that the regional and international context are also critical to explain it .

It is important to realize, in fact, as the regime of Francisco Franco was not uniform in nearly forty years he was in power. Between 1939 and 1945, he was a far-right regime based essentially conservative, but that was coming at some points of fascism. From the end of World War II, however, the conservative character of the Franco regime became stronger, with a strong presence of the Church and the Armed Forces in his bosom, and from the 50's, a greater concern with national development.

These changes are reflected in economic policy. Until 1950, the Franco regime sought to build a municipal system, self-sufficient, a model and reality of fascist European economy then. The results were disastrous, with economic activity, not having returned, still in 1950, the figures of 1935.

In 50 years, the situation has improved, but it was not until 1959 that the Spanish economy really took off. Comings and goings, progress and setbacks, the Spanish economy grew considerably in the 50, 60 and 70, changing the country's profile in both the economic matrix (from agricultural to industrial and services) and in the social, with a drop in illiteracy , improvement of living standards, etc.. Politically and morally, Spain remained on the edge of Europe, but in the economy, the situation improved considerably.

There is some controversy over how the Franco got these results. To some economists, the decision to open the economy and controlling public spending from 50 years (and especially from 1959) would have allowed the strengthening of the currency, the balance of payments and inflation control.With economic stability, private enterprise could work and the result was the growth.

For others, neither the stability nor the industrial development plans launched by the regime would have been that important. Spain would only have grown through development of its neighbors, which resulted in a greater abundance of capital and an explosion of tourism, which completely changed the economic landscape of Spanish.