Between Empire and Globalization: An Economic History of Modern Spain

ISBN-13: 9783030605063 / Angielski / Miękka / 2022 / 362 str.

Albert Carreras; Xavier Tafunell

Recenzje

"I do, therefore, strongly encourage any reader interested in the performance of a middle-income country during the age of globalisation to read this book, as it provides not just a narrative about Spain's economic history but useful insights that may be the seed of further research." (Leandro Prados de la Escosura, EH Net, eh.net, November, 2021)

Spis treści

1 The Economic Growth of Spain: A Very Long-Term

Perspective 

1 The Natural Constraints 

2 The Demographic Transition

3 The Increase in GDP and GDP Per Capita: A Comparative

Perspective

4 The Spanish Economy between Empire and Globalization:

Another Comparative Perspective

5 Welfare: Looking for Better Assessments of Well-being 

5.1 Stature

5.2 Human Development

6 Prices, Money and Currency

Bibliographic Orientation

2 From Empire to Peripheral Economy (1789–1840) 

1 The Collapse of Colonial Trade 

2 The Bankruptcy of the Absolutist Treasury 

3 The Crisis of the Old Regime and the Liberal Revolution

4 Between Agriculture and Industry: The Formation of the

National Market

5 Spain in the Great Divergence: The Failure of the

Prerequisites to Emulate British Industrialization

Bibliographic Orientation

3 The Impact of European Industrialization: The Double

Failure of Agrarian and Industrial Strategies (1840–1890)

1 The Limits of Agricultural Expansion

2 Economic Liberalization and Internationalization

3 State Reform: Tax Reform

4 The Great Railways and Banking Business Cycle

5 Problems of the First Industrialization

Bibliographic Orientation

4 Spain in the First Economic Globalization (1890–1914)

1 The Transport Revolution and the Great Agrarian Depression

2 The Protectionist Shift and the Loss of the Last Overseas

Colonies

3 The Formation of the Modern Business Enterprise and the

Start of the Second Industrial Revolution

4 A Slow Divergence

Bibliographic Orientation

5 The Spanish Economy During Great War and Interwar

Years (1914–1936)

1 The Impact of War on a Neutral Economy

2 The Consequences of the War: The Distributive Struggle

3 Growth and Structural Changes During the 1920s

4 The Depression of the 1930s in Spain

Bibliographic Orientation

6 The Isolation from the International Economy: Civil War

and Autarky (1936–1951)

1 War Economy, Social Revolution and War Financing

2 The Macroeconomic and Distributional Impact of Autarkic

Francoism

3 Market Intervention: Black Market and Rationing

4 Autarkic Policies

Bibliographical Orientation

7 Import Substitution Industrialization (1951–1959)

1 Cold War, American Aid and Tempering of Interventionism

2 From Autarky to Import Substitution Industrialization

3 The Structuring of a National Capitalism

4 The Unsustainability of the Growth Model. The

Stabilization Plan

Bibliographic Orientation

8 Spain in the Golden Age: Reintegration into the

International Economy (1960–1973)

1 Liberalization, Opening Up to the Outside World and

Economic Integration

2 The Transition from a Semi-Industrial to an Industrialized

Economy

3 The “Industrialization” of Agriculture

4 Franco’s Neo-Interventionism

Bibliographical Orientation

9 Economic Crisis and Political Transition (1973–1985)

1 The Macroeconomic Impact of the Double Oil Shock and the

Transition to Democracy

2 Adjustment Policies and Social Pacts

3 The Emergence of the Welfare State

4 Industrial and Banking Crisis and Mass Unemployment

5 Industrial Restructuring, Bank Rescue and Other

Structural Policies

Bibliographic Orientation

10 Integration into the European Economy (1986–1998)

1 The Business Cycle of Joining the European Union

2 The Real Effects of Integration

3 The Nominal Effects of Integration

4 Institutional Reform Policies

5 The Transition to the Single Currency 

Bibliographic Orientation

11 Spain in the Euro Area (1999–2017)

1 The Economic Cycle of Joining the Euro and Unbridled

Indebtedness

2 The Credit, Real Estate and Immigration Boom. The

Internationalization of Spanish Business

3 Macroeconomic Imbalances and the Bursting of the Bubble:

The Banking and Fiscal Crises

4 The Rescue of the Banking, and Labour and Pension System

Reforms

5 The Economic Recovery

Bibliographical Orientation

12 Balance of Two Centuries: Growth Engines and Economic

Policies

1 Growth Engines: The Sources of Productivity Growth

1.1 Structural Change

1.2 Productivity

1.3 Amount of Labour: Participation and Employment

1.4 Quality of Labour: Education

2 Performance of Economic Policies

2.1 Economic Internationalization—Foreign Accounts

Balance

2.2 The Role of the State—Public Accounts Balance

2.3 Monetary Policy and the Management of the

Exchange Rate

3 The Outcome: Changing Inequalities

4 To Sum Up

Bibliographical Orientation

O autorze

Albert Carreras is Professor of Economics and Business, at Universitat Pompeu Fabra, Barcelona, Spain. Prior to this he held positions at Universitat de Barcelona and European University Institute, Italy. He has served as Dean of the UPF School of Economics and Business, and Secretary General of the Spanish Economic History Association.

Xavier Tafunell is Associate Professor of Economics and Business at Pompeu Fabra University, Barcelona, Spain, and a Barcelona GSE Affiliated Professor. He is the editor, with Albert Carreras, of a three volumes collection on Spanish Historical Statistics.

Blurb

This book provides a rigorously chronological journey through the economic history of modern Spain, always with an eye opened to what happens in the international economy and a focus on economic policy making and institutional change. It shows the central theme of the Spanish economy from the late 18th century to the early 21st century is the painful  transformation from being a major imperial power to a small nation and later a member of the European Community and a player in a globalized economy. It looks in detail at two major issues - economic growth and convergence or divergence to the Western European pattern- and the permanent tension between the two when assessing historical experience since the industrial revolution. This book proposes new visions of the economic past of Spain and  provides comparisons over time and space, which will be of interest to academics and students of economic history, European economic history and more specifically Spanish economic history.