“La económica global azota el continente europeo” [ .. ] “Las perspectivas parecen particularmente graves para Francia, Italia España” [ .. ] “Las hipotecas podrán volver a subir” [ .. ] “Zapatero se ha beneficiado de las reformas de Aznar” [ .. ] “Pero la burbuja ha estallado”.
[ .. ]
Wall Street Journal (WSJ) estima que España está mal preparada para competir en la nueva economía global, sin hacer los esfuerzos imprescindibles, a su modo de ver, en terrenos capitales: productividad, educación, investigación y desarrollo, etc.
The global economic storm clouds have reached the Continent.
[ .. ]
The outlook looks especially grave for France, Italy and Spain. About the only thing the big “Club Med” economies have going for them is recently elected leaders with fresh mandates for reform. Now if only they’d use them.
France’s President Nicolas Sarkozy and Italy’s Prime Minister-elect Silvio Berlusconi are looking for an easy monetary fix to their troubles by calling on the European Central Bank to ease up. They had better look elsewhere. With inflation hitting a record 3.6% in March, the ECB has sounded the warning on rising prices, and the next rate move may be toward further tightening.
Spain used to grow almost twice as fast as the the rest of the euro zone. Prime Minister José Luis Rodríguez Zapatero, re-elected last month, was riding on the reforms passed by his predecessor, José María Aznar, and the country’s real-estate bubble. Now that bubble is bursting.
[ .. ] Mr. Zapatero has proposed a stimulus package worth about 0.9% of GDP. The measures range from tax rebates to speeding up approvals for public works programs. They may actually bring about a short-term stimulus, but no long-term recovery. The best idea he has proposed so far is the abolishment of the wealth tax.
But the main challenges for Spain’s long-term outlook lie elsewhere. Red tape and overregulation remain a burden in spite of two decades of liberalization efforts. It takes 47 days to launch a business in Spain compared with the OECD average of only 15 days. R&D spending is just 1.12% of GDP, below the already low European average of 1.74% and less than half the 2.62% in the U.S. Productivity, measured as economic growth per hour worked, rose a paltry annual 0.9% on average between 2001-2006. That’s even below the measly euro-zone average of 1.3% and less than half of the 2.2% in the U.S. [ .. ] [Wall Street Journal, 29 abril 08. Club Med Chills].
● Economía de la incultura.
● España: una economía de la incultura.
● España y su economía de la incultura.
● Mediocridad del modelo educativo español.
● Europa retrocede. España, más… (2).
● España, Europa y las economías de la incultura.
● Juan Benet y la economía del conocimiento / incultura en Caína.