This chapter analyses the contribution of the 1959 Plan de Estabilización (Stabilization Plan) to the economic changes that occurred in Spain during the 1960s. Economic growth improved in the 1950s after a decade of stagnation, but it was autarkic growth and the country accumulated serious...

This chapter offers an analysis of the main economic and institutional transformations in Spain from 1977 onwards. The severe economic and financial crisis that hit Spain in the mid-1970s coincided with the arrival of democracy after Franco's death and shaped the nature and scope of the...

All countries have had defining moments which have brought about important transformations in their economies and societies. These turning points, which may be triggered by wars, new technologies and markets, or crises, require new policies and reforms to help countries adapt to the fresh...

Spain's economic expansion and social modernization ended abruptly in 2008 when the turbulence of the US economy spread to international financial markets. This chapter analyses the impact of the international crisis in Spain, where the problems were to be deeper and longer-lasting, given the...