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gap disappears when those left behind move into the modern economy or retire. That is development economics 101. Life expectancy, education, incomes of average
Spaniards were far better in the 1970s than at any previous time in their history. I have noticed that the Spanish article has an interesting section at the end on the demographic changes and the unequal development of Spain's regions.
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The Greek and
Spanish miracle Knowledge articles, and other articles that state the miracles, both mention between the time of the 1950s-1970s as being the second fastest growing economy behind Japan. They both can not be second place? Should one be corrected? Different sources coming to different
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Countries that are moving from rural to industrial economies always have very wide inequality. Industrialisation is fed by workers leaving the countryside and moving to the cities for better paid jobs. This produces a big wealth gap with those who still live the old way in rural areas. This income
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The ending of the
Spanish miracle is simple, the global economic crisis in the mid 70s. The causes of that global crisis still causes controversy between professional economists, so it would need a separate article to discuss. The so called miracle of the 2000s was a bubble caused by financial
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Every economic period has an ending, and reason for its ending. the end of the
Spanish miracle should be discussed also. It seems that as of 2013, Spain's economy is one of the worst-off in Europe, along with three other countries mentioned in the article: Portugal, Ireland, Greece.
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This article seems to have been written by a sympatizer with Franco's regime in the time. It doesn't include a single mention of the rural exodus and the poor living standard in Spain in the 60s and 70s highlighting the inequality promoted by the fascist/national catholic regime.
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Nikoz, you're comparing apples with oranges. The article on Greece is for a longer period, so over that longer stretch Greece did have a higher average growth rate. But over the shorter period of 1959 -1974 Spain had the higher average growth rate.
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This article is only the
Spanish economic miracle 1959-1973, and none of the current events should be included. A guy incorporates current events out of place, if the vandalism continues we will have to block the page. Gonbal
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and be treated in a wider context? And is "an excuse to demand mass popularity from a miserable civil population" something that can be expected from a merely
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and this article claim that Greece and Spain respectively was "second only to Japan" in economic growth during the same period. Which is it then? --
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conclusions? Weigh one source over the other? Add a disclaimer, or note, over disputed sources? I don't know what to do
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speculation on real estate and cannot be compared with the industrial development of the 60s.
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Dictatorship? I'm losing the conceptualization factor...
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