Spain: Selected Issues

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 090

Publication date: April 2004

ISBN: 9781451812107

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Emigration and Immigration , Agribusiness , ISCR , CR , per capita income , EU enlargement , trade creation , EU import , EU membership , EU Cohesion policy , EU country , EU trade effect , Foreign direct investment , Exports , Migration , Agroindustries , Imports , Eastern Europe , Southern Europe , Europe

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Summary

Spain has experienced income convergence consistently in the past decade, despite gradual losses in competitiveness. The empirical evidence indicates that overall EU enlargement offers a range of opportunities for Spain, points to potential pressures in specific sectors, and offers challenges, and tackling the challenges requires a flexible economy. The pattern of Spanish exports is dominated by its off-center location in the Southern part of the EU. Geographical location also plays a central role in determining the origin of foreign direct investment (FDI) flows to Spain.