The Europeanisation of the Spanish Economy

Mary Farrell
Additional contact information
Mary Farrell: University of North London

Chapter 2 in Spain in the EU, 2001, pp 20-45 from Palgrave Macmillan

Abstract: Abstract One of the great challenges facing the Spanish economic system in the 1980s was to adapt to the pressures and demands of integration. Accession to the European Union offered improved opportunities for expansion, profitability and greater investment possibilities. However, actually realising these opportunities would depend on making fundamental changes at several levels — the individual firm, the sectoral level and the policy level — in order not merely to survive the more intense competitive pressures within the enlarged market, but also to be in a position to exploit the potential offered by integration. It was clear that modernisation of the economic system was the first point of departure in adapting to the greater competition associated with membership of the European Community, and this required not only changes to the structure of industries and firms but a complete reorientation of attitudes and expectations among the economic actors and the government, both long accustomed to protectionism and interventionism.

Keywords: Foreign Direct Investment; Monetary Union; Revealed Comparative Advantage; Spanish Economy; Merger Activity (search for similar items in EconPapers)
Date: 2001
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-97757-6_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780333977576

DOI: 10.1057/9780333977576_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().