Unexpected prosperity : how Spain escaped the middle income trap / Oscar Calvo-Gonzalez.

Format:

Book

Author/Creator:

Calvo-Gonzalez, Oscar, author.

Series:

Oxford scholarship online.

Oxford scholarship online

Language:

English

Subjects (All):

Spain--Economic conditions--2008-.

Spain.

Physical Description:

1 online resource (320 pages) : illustrations (colour).

Edition:

First edition.

Place of Publication:

New York, New York : Oxford University Press, [2021]

Summary:

'Unexpected Propserity' explains how Spain managed to avoid the middle income trap. With an original interpretation of the economic rise of Spain, Calvo-Gonzalez addresses questions about the political economy of reform, the role of industrial and public policy, and the enduring legacy of political violence and conflict.

Contents:

Cover

Unexpected Prosperity: How Spain Escaped the Middle Income Trap

Copyright

Dedication

Acknowledgements

Rights and Permissions

Contents

List of Figures

List of Tables

Introduction

How much of a success?

An inevitable catch-up?

The argument in brief

Relevance for the twenty-firstcentury

Part I: Foundations

1: The Control of Violence

Why is the control of violence central to economic development?

Why was political violence so persistent?

A fragile state, 1800-75

A limited access order, 1875-1950

How violence undermined development

Conclusions

2: A Critical Juncture

Stumbling on stability

From pariah to partner

Ostracism

Receding tide

Korea

The Pact

Economic consequences

3: Political Stability

A defining event

The consequences of sectarian violence

Repression

Co-opting elites

Unite and rule

Monarchists

The dog that didn't bark

Part II: Takeoff

4: More Than Macro Stability

Autarky

A turnaround

Early reforms

The 1959 Stabilization Plan

Good policies or good luck?

The growth dividend of reforms

A counterfactual: Spain without reforms

Conclusion

5: Why Reform?

The standard account of reforms

Limitations of the standard view of the political economy of reforms

Crisis, what crisis?

An exchange rate crisis, not an economic collapse

Long in the making

Limited backtracking of reforms

Reforms were not imposed as conditions for external aid

A reinterpretation

Back to politics

The evolution of policy priorities under the Franco regime

6: Openness

Opening up, three ways

Trade of goods and services

Foreign direct investment

Migration

Impact of opening up

Where did the idea of openness come from?

Conclusions.

7: Contestability

Growth within a closed access society

What's on a label?

An unplanned success

From vicious to virtuous circles

Of politicians and entrepreneurs

Part III: Turning Growth to Development

8: Policy Tinkering

A new view

Tinkering, with results

Increasing public revenues without tax reform

Why social security contributions but not taxes?

Building state capabilities

Public recruitment

Public procurement

Good intentions, bad outcomes . . . and vice versa

Unintended contestability

Marginal, slow, and ambiguous . . . but policy change nevertheless

Framing effects

A Washington consensus lens

9: Ideas and Aspirations

Europe as the solution

Policy entrepreneurs

Conditionality or local adaptation?

A contest of ideas

Aspirations

10: Lucking Out

The inevitable biological fact

Turkeys voting for Christmas

The specter of violence

The economic consequences of Francoism

Ring the bells that still can ring

Forget your perfect offering

There is a crack in everything

That's how the light gets in

References

Index.

Notes:

This edition also issued in print: 2021.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

0-19-259575-X

0-19-188837-0

0-19-259574-1

OCLC:

1267762588