Spain - Europe's Rising Star
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Case Code: ECOA103 Case Length: 12 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : Spain, Europe Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
Spain's present language, religion and laws had originated from the Roman period. The Romans captured Spain in the 2nd century BC and made the region a colony. The last Roman strongholds collapsed only in 7th century AD...
Economic Policies
Spain was one of the faster growing countries in the EU. Between 1997 and 2000, real output grew at over 4% . This created more than two million jobs, bringing the rate of unemployment down from 21.5% to 14%...
Industry
The Spanish industry had come a long way in the past three decades. It produced a range of goods including textiles, iron and steel products, ships, automobiles, processed foods, chemicals and various other kinds of consumer and industrial goods...
Foreign Trade
A legislation introduced on 1st February 1992, had eliminated many foreign exchange and capital controls. It provided complete freedom with regard to financial transactions between Spanish residents and non-residents...
Foreign Investments
Foreign investments had played a significant role in modernizing the Spanish economy during the past three decades. Attracted by Spain's large domestic market, export possibilities and growth potential, foreign companies had entered the country in large numbers...
Future Outlook
In early 2003, the Spanish economy continued to do well, as low interest rates fuelled domestic demand. Real interest rates were negative, given the European Central Bank rate of 2.75% and Spain's 4% inflation...
Exhibits
Exhibit I: Spain at a Glance, 2001
Exhibit II: Spain: Macro Economic Indicators
Exhibit III: Comparative Analysis: Economic Indicators, 2001
Exhibit IV: Spain: International Trade Profile, 2001
Exhibit V: The Rise of Spanish MNCs
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