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The economy of Spain is a highly developed social market economy. [32] It is the world's 14th largest by nominal GDP and the sixth-largest in Europe . Spain is a member of the European Union and the eurozone , as well as the Organization for Economic Co-operation and Development and the World Trade Organization .
The 142 m Torre de Madrid, built in 1957, heralded the "Spanish Miracle".. The Spanish miracle (Spanish: el milagro español) refers to a period of exceptionally rapid development and growth across all major areas of economic activity in Spain during the latter part of the Francoist regime, 1959 to 1974, [1] in which GDP averaged a 6.5 percent growth rate per year, [2] and was itself part of a ...
The Economic Development of Continental Europe 1780-1870 (2nd ed. 1979), 552pp; Phillips, Carla Rahn. "Time and Duration: A Model for the Economy of Early Modern Spain". American Historical Review vol 92, No. 3 (June 1987) pp. 531-562. Prados De La Escosura, Leandro, and Joan R. Rosés. "Accounting for growth: Spain, 1850–2019."
The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain. The real reason Spain’s economy is bucking the trend of ...
Economic history of Spain (excerpts from various parts of the CS) Cádiz Cortes; Chapter 2 - The Society and Its Environment Roma in Spain; Galician people; Andalusian people; Religion in Spain; Spanish society after the democratic transition; Chapter 3 - The Economy Economic history of Spain; Chapter 4 - Government and Politics Opus Dei in Spain
However, Spain has also seen the largest growth in tourism since 2011 and 2012. Its geographic advantages, the Arab Spring, and other non-economic factors are contributing to its resurgence as a tourist destination. While Spain's economy itself is not doing well, purchasing power parity is generally rising again. Furthermore, violent unrest in ...
The Cortes are a bicameral parliament composed of a lower house (Congreso de los Diputados, congress of deputies) and an upper house (Senado, senate). Although they share legislative power, the Congress holds the power to ultimately override any decision of the Senate by a sufficient majority (usually an absolute majority or three-fifths majority).
Spain applied for the status of an associated country to the European Economic Community for the first time on February 9, 1962, in a letter written by the Minister of Foreign Affairs Fernando Maria Castiella to the President of the Council of Ministers of the EEC, the French Maurice Couve de Murville: on the basis of "Spain's European vocation," its geographical situation, and its economic ...