Unexpected prosperity: how Spain escaped the middle income trap

Unexpected Propserity explains how Spain managed to avoid the middle income trap. With an original interpretation of the economic rise of Spain, Calvo-Gonzalez addresses questions about the political economy of reform, the role of industrial and public policy, and the enduring legacy of political vi...

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1. Verfasser: Calvo-Gonzalez, Oscar (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Oxford ; New York Oxford University Press 2021
Ausgabe:First edition
Online-Zugang:https://ebookcentral.proquest.com/lib/kxp/detail.action?docID=6719287
Zusammenfassung:Unexpected Propserity explains how Spain managed to avoid the middle income trap. With an original interpretation of the economic rise of Spain, Calvo-Gonzalez addresses questions about the political economy of reform, the role of industrial and public policy, and the enduring legacy of political violence and conflict
Cover -- Unexpected Prosperity: How Spain Escaped the Middle Income Trap -- Copyright -- Dedication -- Acknowledgements -- Rights and Permissions -- Contents -- List of Figures -- List of Tables -- Introduction -- How much of a success? -- An inevitable catch-up? -- The argument in brief -- Relevance for the twenty-firstcentury -- Part I: Foundations -- 1: The Control of Violence -- Why is the control of violence central to economic development? -- Why was political violence so persistent? -- A fragile state, 1800-75 -- A limited access order, 1875-1950 -- How violence undermined development -- Conclusions -- 2: A Critical Juncture -- Stumbling on stability -- From pariah to partner -- Ostracism -- Receding tide -- Korea -- The Pact -- Economic consequences -- Conclusions -- 3: Political Stability -- A defining event -- The consequences of sectarian violence -- Repression -- Co-opting elites -- Unite and rule -- Monarchists -- The dog that didn't bark -- Conclusions -- Part II: Takeoff -- 4: More Than Macro Stability -- Autarky -- A turnaround -- Early reforms -- The 1959 Stabilization Plan -- Good policies or good luck? -- The growth dividend of reforms -- A counterfactual: Spain without reforms -- Conclusion -- 5: Why Reform? -- The standard account of reforms -- Limitations of the standard view of the political economy of reforms -- Crisis, what crisis? -- An exchange rate crisis, not an economic collapse -- Long in the making -- Limited backtracking of reforms -- Reforms were not imposed as conditions for external aid -- A reinterpretation -- Back to politics -- The evolution of policy priorities under the Franco regime -- Conclusions -- 6: Openness -- Opening up, three ways -- Trade of goods and services -- Foreign direct investment -- Migration -- Impact of opening up -- Where did the idea of openness come from? -- Conclusions
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Beschreibung:xiv, 292 Seiten Diagramme
ISBN:9780198853978

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