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Issue:

Miscellaneous

 

Written by:

Maria W

 

Date added:

October 21, 2012

 

Level:

University

 

Grade:

A

 

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3 / 665

 

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Shops had fixed opening and closing times and were not free to open all day, all week. Banking was controlled. Both passive and active interest rates were fixed by the government. All these rigidities and more lead to 10 years of industrial crisis (1975-1985), reduced convergence with Europe and expressed the need to modernize the economy and join the EC...
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Some moves away from these restrictions and controls, and large infrastructure projects in the 1960s resulted in strong economic growth in the so called "Spanish Miracle", but still left Spain lagging most of Western Europe, but ahead of the Warsaw Pact. Spain's accession to the European Community, now European Union (EU), in January 1986 required the country to open its economy, modernize its industrial base, improve infrastructure, and revise economic legislation to conform to EU guidelines...
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General issues of this essay:
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