Zhukova Tatiana
Financial Formula for Spanish Economic Miracle
Publication Type:
Rubric:
The Spanish Economic Miracle was the name given to an economic boom in Spain from 1959 to 1973 (1974) when government of technocrats with the support of Francisco Franco has given rise to a new development policy. However, the start to economic growth was given in the early 50s. and was prepared by the impact development of the industrial public sector in the second half of the 1940s. After the restoration of democracy a less known second miracle occurred in 1986-1991. In this respect, the Spanish way of forced development, in spite of the initial features of the economic and political system (autarky, authoritarianism, isolation) confirms the general laws of economic miracle in other countries (rotation of state-managed economic booms and economic stabilization periods). 


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