By Juan R. Cuadrado-Roura
ISBN-10: 3642021778
ISBN-13: 9783642021770
Many eu, Latin American and Asian international locations have event with local guidelines aiming to minimize nearby disparities in GDP in keeping with capita and/or to strengthen challenge areas aiding to get over its GDP reduce. Spain represents, with none doubt, a truly wealthy and engaging case-study concerning nearby difficulties and nearby improvement regulations.
The objective of this ebook is not just to research the neighborhood rules practiced, their goals, tools and results, yet to supply an in-depth research at the effect of investments in infrastructure, human capital and different elements, in addition to the advances complete by way of productiveness, convergence and local competitiveness. The publication really desires to impart wisdom, which might be beneficial for different countries’ coverage makers, in addition to for teachers, researchers and consultants.
The contributions chosen were written through prestigious Spanish teachers, so much of them additionally having useful event within the field.
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Extra info for Regional Policy, Economic Growth and Convergence: Lessons from the Spanish Case
Example text
Finally, the deregulation of imports and subsequent protectionism against foreign trade helped to support the industrialisation process Along the 12 years of intense economic growth (1962 1973), economic policy merely “accompanied” the expansion process, which it helped to finance through official credit agencies, privileged financing circuits, concentrated public investment and low tax pressure, etc. The question is: what role did “regional policy” really play in this context? The answer is clear: it played a subsidiary role and, as was to be expected, lost the unequal battle between sectoral growth on a nationwide scale, strongly supported by the authorities, and the more modestly funded development of depressed areas.
R. 13 In general, the presence of these development areas did not substantially alter local industrial structure, except for Zaragoza and, to a certain extent, Huelva. All the poles housed a large number of local small and medium-sized enterprises (with little participation in the total investment) and a small number of major projects developed by important firms, nearly always with at least some foreign stock capital. Examples are the Explosivos Riotinto group in Huelva, Citroe¨n in Vigo, Renault in Valladolid, Secem in Cordova, Telefo´nica in Granada, etc.
R. 13 In general, the presence of these development areas did not substantially alter local industrial structure, except for Zaragoza and, to a certain extent, Huelva. All the poles housed a large number of local small and medium-sized enterprises (with little participation in the total investment) and a small number of major projects developed by important firms, nearly always with at least some foreign stock capital. Examples are the Explosivos Riotinto group in Huelva, Citroe¨n in Vigo, Renault in Valladolid, Secem in Cordova, Telefo´nica in Granada, etc.
Regional Policy, Economic Growth and Convergence: Lessons from the Spanish Case by Juan R. Cuadrado-Roura
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