Yu. Eremeev, Institute for Latin American Studies, Russian Academy of Sciences (ILA RAN), 21/16, B. Ordynka Str., Moscow, 115035, Russian Federation (firstname.lastname@example.org).
During three pre-crisis decades the dominant feature of Spain’s economic development model was the leading growth of service sector and construction. Under the economic circumstances of 1980-1990s this model proved to be enough successful. In particular, it provided a substantial growth of the living level of Spanish population. However, by mid-2000s it has been exhausted. Moreover, while being at the upward trend the nation missed the opportunity of shifting to a higher level of technological development. As a result, the accumulated disparities in its economic structure made Spain one of the focal points of the recent crisis of Eurozone. It is clear that it will take a long period for the nation to solve the urgent problems, which the prevailing part is concentrated in the sphere of government finance.
GDP, economic structure, capital investment, modernization, economic crisis, unemployment, elasticity of investment, Spain
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