Industrialization in Spain: Stages, Growth, and Crisis (1959-1985)
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The Stages of Industrialization in Spain (1959-1974)
The Culmination of the Industrial Process (1959 - 1974)
In 1959, the "Plan of Stabilization of the Spanish Economy" was approved, marking the end of autarky and the beginning of economic liberalization in Spain. From then on, Spain experienced significant economic and industrial growth, largely due to the influx of overseas capital (American, Swiss, etc.) and large multinational corporations. These companies sought to exploit the advantages that Spain offered at the time.
These advantages included abundant and cheap labor, a lack of labor unrest, and permissive legislation. During this period, industry benefited from several favorable factors for its development. Industries were located where... Continue reading "Industrialization in Spain: Stages, Growth, and Crisis (1959-1985)" »