The Way Forward for the Spanish Economy: More Internationalisation

The Spanish economy became too dependent on internal, as opposed to external, demand as the driver of growth, particularly the construction sector. The collapse of this sector brutally exposed the shortcomings of the lopsided economic model and caused unemployment to skyrocket. The economy needs to become more internationalisedthrough exports and direct investment abroad by its companies and banks in order to create jobs on a more sustainable basis andemployment of a higher quality

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