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Stabilization Plan
The Stabilization Plan of 1959 ( es, Plan de Estabilización de 1959) or the National Plan of Economic Stabilization () were a series of economic measures taken by the Spanish Government in 1959. Its main goal was the economic liberalization of the Spanish markets, marking a turning point from the previous policies oriented towards achieving autarky. The implementation of the plan led to mass migration movements (internal migrations but also abroad), with the population and the economic activity concentrating in the most dynamic areas, hollowing the rest of the country. The Plan led to an economic boom in Spain for most of the 1960s. The monetary reserves of the Bank of Spain increased, inflation dropped from 12.6% in 1958 to 2.4% in 1960, Spain attracted foreign investment, and the relaxation of tariffs led to the import of new technologies. On the negative side, unemployment increased due to the decrease in production caused by higher imports, which lowered the demand for na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francoist Spain
Francoist Spain ( es, España franquista), or the Francoist dictatorship (), was the period of Spanish history between 1939 and 1975, when Francisco Franco ruled Spain after the Spanish Civil War with the title . After his death in 1975, Spain transitioned into a democracy. During this time period, Spain was officially known as the Spanish State (). The nature of the regime evolved and changed during its existence. Months after the start of the Spanish Civil War in July 1936, Franco emerged as the dominant rebel military leader and was proclaimed head of state on 1 October 1936, ruling a dictatorship over the territory controlled by the Nationalist faction. The 1937 Unification Decree, which merged all parties supporting the rebel side, led to Nationalist Spain becoming a single-party regime under the FET y de las JONS. The end of the war in 1939 brought the extension of the Franco rule to the whole country and the exile of Republican institutions. The Francoist dictatorshi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Liberalization
Economic liberalization (or economic liberalisation) is the lessening of government regulations and restrictions in an economy in exchange for greater participation by private entities. In politics, the doctrine is associated with classical liberalism and neoliberalism. Liberalization in short is "the removal of controls" to encourage economic development. Many countries have pursued and followed the path of economic liberalization in the 1980s, 1990s and in the 21st century, with the stated goal of maintaining or increasing their competitiveness as business environments. Liberalization policies may or often include the partial or complete privatization of government institutions and State ownership, state-owned assets, greater labour market flexibility, lower tax rates for businesses, less restrictions on both domestic and foreign capital, open markets, etc. In support of liberalization, former British prime minister Tony Blair wrote that: "Success will go to those companies and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Autarky
Autarky is the characteristic of self-sufficiency, usually applied to societies, communities, states, and their economic systems. Autarky as an ideal or method has been embraced by a wide range of political ideologies and movements, especially left-wing ideologies like African socialism, mutualism, war communism, communalism, swadeshi, syndicalism (especially anarcho-syndicalism), and left-wing populism, generally in an effort to build alternative economic structures or to control resources against structures a particular movement views as hostile. Conservative, centrist and nationalist movements have also adopted autarky in an attempt to preserve part of an existing social order or to develop a particular industry. Proponents of autarky have argued for national self-sufficiency to reduce foreign economic, political and cultural influences, as well as to promote international peace. Economists are generally supportive of free trade. There is a broad consensus among economist ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mass Migration
Mass migration refers to the migration of large groups of people from one geographical area to another. Mass migration is distinguished from individual or small-scale migration; and also from seasonal migration, which may occur on a regular basis. History and examples of mass migrations A specific mass migration that is seen as especially influential to the course of history may be referred to as a ' great migration'. For example, great migrations include the Indo-European migrations to Europe, the Middle East, and South Asia during the Bronze Age, the Bantu migrations across sub-Saharan Africa, Barbarian invasions during the Roman Empire, the Great Migration from England of the 1630s, the California Gold Rush from 1848–1850, the Great Migration of African Americans from the rural American South to the industrial north during 1920–1950, and The Great Oromo Migrations of Oromo tribes during the 15th and 16th centuries in the Horn of Africa. UNHCR estimates 14 mill ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spanish Diaspora
The Spanish diaspora consists of Spanish people and their descendants who emigrated from Spain. In the Americas, the term may refer to those of Spanish nationality living there; "Hispanic" is usually a more appropriate term to describe the general Spanish-speaking populations of the Americas together with those in Spain. The diaspora is concentrated in places that were part of the Spanish Empire. Countries with sizeable populations are Argentina, Bolivia, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay, Venezuela, and, to a lesser extent, Brazil, Belize, Haiti, United States, Canada and the rest of Europe. According to the latest data from the Instituto Nacional de EstadÃstica's Register of Spaniards Resident Abroad (PERE), "the number of people with Spanish nationality living abroad reached 2,742,605 on January 1, 2022, an increase of 3.3% (87,882 people) with respect to the da ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of Zaragoza
The University of Zaragoza, sometimes referred to as Saragossa University () is a public university with teaching campuses and research centres spread over the three provinces of Aragon, Spain. Founded in 1542, it is one of the oldest universities in Spain, with a history dating back to the Roman period. Prime Ministers Pascual Madoz, Manuel Azaña, Salustiano de Olózaga and Eusebio BardajÃ, the Nobel Prize laureate and father of modern neuroscience Santiago Ramón y Cajal, the Catholic saint JosemarÃa Escrivá and the Cuban national hero Jose Marti studied at this university. History Beginnings Ecclesiastical schools were the initial elements of the University of Zaragoza. These schools were later consolidated into the School of Zaragoza, led by Bishop Braulio during the seventh century (who would later be made the patron saint of the university). The School of Arts officially became a university in 1542, though some scholars argue it could be considered a university o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Boom
An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured by a rise in real GDP. The explanation of fluctuations in aggregate economic activity between economic expansions and contractions is one of the primary concerns of macroeconomics. Typically an economic expansion is marked by an upturn in production and utilization of resources. Economic recovery and prosperity are two successive phases of expansion, where as a recession is defined as two declining periods of GDP. Expansion may be caused by factors external to the economy, such as weather conditions or technical change, or by factors internal to the economy, such as fiscal policies, monetary policies, the availability of credit, interest rates, regulatory policies or other impacts on producer incentives. Global conditions may influence the levels of economic activity in various countries. Economic contraction and expa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Spain
The Bank of Spain ( es, link=no, Banco de España) is the central bank of Spain. Established in Madrid in 1782 by Charles III of Spain, Charles III, today the bank is a member of the European System of Central Banks and is also Spain's national competent authority for banking supervision within the Single Supervisory Mechanism. Its activity is regulated by the Bank of Spain Autonomy Act. History Originally named the ''Banco Nacional de San Carlos'', it was founded in 1782 by Charles III of Spain, Charles III in Madrid, to stabilize government finances through its state bonds (''vales reales'') following the American Revolutionary War in which Spain gave military and financial support to the Thirteen Colonies. Although it aided the state, the bank was initially owned privately by stockholders. Its assets included those of "Spanish capitalists, French rentiers, and several treasuries of Indian communities in New Spain" (colonial Mexico). Its first director was French banker Franà ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tariff
A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and policy that taxes foreign products to encourage or safeguard domestic industry. ''Protective tariffs'' are among the most widely used instruments of protectionism, along with import quotas and export quotas and other non-tariff barriers to trade. Tariffs can be fixed (a constant sum per unit of imported goods or a percentage of the price) or variable (the amount varies according to the price). Taxing imports means people are less likely to buy them as they become more expensive. The intention is that they buy local products instead, boosting their country's economy. Tariffs therefore provide an incentive to develop production and replace imports with domestic products. Tariffs are meant to reduce pressure from foreign competition and reduce th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wage Freeze
Incomes policies in economics are economy-wide wage and price controls, most commonly instituted as a response to inflation, and usually seeking to establish wages and prices below free market level. Incomes policies have often been resorted to during wartime. During the French Revolution, "The Law of the Maximum" imposed price controls (by penalty of death) in an unsuccessful attempt to curb inflation, and such measures were also attempted after World War II. Peacetime income policies were resorted to in the U.S. in August 1971 as a response to inflation. The wage and price controls were effective initially but were made less restrictive in January 1973, and later removed when they seemed to be having no effect on curbing inflation. Incomes policies were successful in the United Kingdom during World War II but less successful in the post-war era. Theory Incomes policies vary from "voluntary" wage and price guidelines to mandatory controls like price/wage freezes. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Spain
The economy of Spain is a Developed country, highly developed social market economy. It is the world's List of countries by GDP (nominal), sixteenth-largest by nominal GDP and the List of sovereign states in Europe by GDP (nominal), sixth-largest in Europe. Spain is a member of the European Union and the eurozone, as well as the OECD, Organization for Economic Co-operation and Development and the World Trade Organization. In 2021, Spain was the List of countries by exports, twentieth-largest exporter in the world and the List of countries by imports, sixteenth-largest importer. Spain is listed List of countries by Human Development Index, 27th in the United Nations Human Development Index and List of countries by GDP (PPP) per capita, 37th in GDP per capita by the World Bank. According to ''The Economist'' in 2005, Spain had the world's 10th highest quality of life. Some of the main areas of economic activity are the automotive industry, medical device, medical technology, chemicals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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