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The BBVA Foundation and the Ivie present a report on Growth and Competitiveness
The report points to a number of urgent objectives and identifies 62 proposals for lasting economic recovery

The proposal of this report is a roadmap to Spain’s economic recovery. Included is an analysis on the history of the Spanish economy from 1995 to the present, and a set of 62 measures for a sustainable recovery in growth.

The report was directed by Ivie research director and professor at the Universitat de València, Francisco Pérez, and carried out by a team of ten researchers and technicians from the Ivie.

There are five urgent structural objectives identified in the report: to promote change in productive specialization, to increase the competitiveness of firms, to reform education and the labor market, to restore the normal functioning of the banking sector and to redefine the main public policies. The drivers of these changes must be businesses, the public sector and the banking sector, pushing forward reforms in their areas of activity, states the report.

The report recognizes that there are necessary "sacrifices" if a new development strategy is to be launched that is appropriate to the characteristics of Spain as an advanced country and the circumstances of the world economy. But the study does acknowledge that the Spanish economy has a great deal more resources along with individual and collective skills than in previous crises. One example of this is that, compared with 1995 and despite the crisis, Spain's economy provided work for 50% more people in 2010, with the number of graduates in firms having tripled and productive capital almost doubling. In addition, production increased by 50% and exports by 180% over this period.

The authors insist, however, that reforms must be addressed immediately to stop Spain from falling behind and avoid wasting the opportunities offered by the level of development it has achieved.

The report also stresses the need for a new social climate with greater trust and cooperation. "Only then will it be possible to carry out the many changes needed for Spain's economy to recover the path of growth," warns the document. All of this must be based on a basic consensus, promoting the culture of effort, the assessment of fair competition as well as more transparency of firms and public institutions, among other aspects detailed in the report.

More information

Executive summary
Presentation in pdf (in Spanish)
Press release
Complete report Google Books