HispanicPundit + spain   11

Meet Amancio Ortega: The third-richest man in the world - Fortune Management
Amancio Ortega Gaona -- the man inside the car -- is the third-richest man on earth. In this provincial corner of Galicia, on Spain's windswept northwestern coastline, the 76-year-old founder of the Inditex Group has spent years secluded from public view, all while living in the middle of La Coruña, a city of 246,000 people. Among the millions of shoppers who patronize Inditex's flagship brand, Zara, and have made Ortega unfathomably rich, few have even heard his name. Ortega has made sure of that, shunning social appearances and refusing all interview requests (including for this article). Until 1999 no photograph of Ortega had ever been published.
sidebar  fortune  spain 
january 2013 by HispanicPundit
Temporary Employment: A New Ugly Rearing its Head in Europe? | Angry Bear - Financial and Economic Commentary
As highlighted by Clive Crook via Bentolila, Dolado, and Jimeno (or the Vox version), the cyclical aspect of Spain’s two-tier labor market – the two tier system consists of a large share of temporary workers ‘outside’ the permanent employment positions – can explain in part the boom in employment during the bubble and its crash during the recession. But that doesn’t explain the experience of the US. In 2005 (the last measured date for the US), temporary workers accounted for just over 4% of employment compared to 33% in Spain; however, like that in Spain, the US unemployment doubled during the crisis. What’s one country’s problem is not necessarily another country’s structural issue.
sidebar  AngryBear  usa  europe  spain  crook  labor  jobs 
february 2012 by HispanicPundit
Wishful Thinking On European Employment | ThinkProgress
Spain had a smaller share of its population employed at the business cycle peak than the Untied States had at the business cycle trough. Italy had an even smaller share than that employed. This reflects, among other things, southern European attitudes toward family and child-rearing that, like them or not, are unlikely to simply vanish with the wave of a Eurocrats’ wand. And yet somehow we’re expected to believe that Italy can undertake some kind of labor market reform that will allow it to attain the level of employment that the United States had at the business cycle peak in the face of both fiscal and monetary contraction. How’s that supposed to work? And who seriously wants to bet on it happening?
spain  italy  labor  usa  yglesias  sidebar  graphs 
july 2011 by HispanicPundit
How Are ‘Weak’ European Countries Supposed To Experience Growth? | ThinkProgress
I think that the history, though bleak, may even be creating false hope here. Ask yourself, under what circumstances would — say — Spain possibly start seeing strong growth? Given that Germany is already at full employment and the European Central Bank is already moving to tighten money, you need to imagine an increase in Spanish demand that doesn’t cause an increase in German demand that prompts an offsetting ECB tightening. It could happen, I suppose, but it’s difficult to spell a case out. Maybe the growing Chinese middle class will develop an intense, but incredibly specific, taste for Spanish wine and jamón serrano.
spain  euro  financialcrisis  yglesias  sidebar  germany 
july 2011 by HispanicPundit
It really was better to be British than French
This new study on Cameroon is among many that find British colonial institutions (as compared to those of their French, German, Belgian, Portuguese or Spanish colonial competitors) lead to better development outcomes today. Lee and Schultz note that the Anglo edge comes from a combination of characteristics generally common to British colonial regimes: “lack of forced labor, more autonomous local institutions…common law, English culture, Protestantism” but stop short of telling us which of these were most responsible for the differences observed in Cameroon.
colonization  britain  germany  spain  easterly  france  sidebar  africa 
may 2011 by HispanicPundit
Dani Rodrik's weblog: Is it time to call it quits on the Euro?
"Through long and painful experience, Europe’s leaders first learned that financial integration requires eliminating volatility among national currencies. Next they learned that eradicating currency risk requires doing away with national currencies altogether. Now they are learning – but resisting – the lesson that you cannot achieve monetary union, among democracies, without political union."
euro  spain  Ireland  rodrik  sidebar 
december 2010 by HispanicPundit
Matthew Yglesias » The Pain in Spain
"If Spain were an American state (call it “Florida”) then the collapse of its economy would spur large net fiscal transfers that help bolster and stabilize its economy. What’s more, the labor market linkages between Spain and other states would be pretty tight, letting people move from place to place. Consequently, in the US all the regions of the country are pretty closely packed on the 45 degree line.

Alternatively, if Spain were an independent country, then the collapse of its economy would spur massive devaluation. Everyone would get suddenly poorer and less able to buy imported goods. But tourists from Germany and the Netherlands would flock in to pick up good deals, Spanish wine sales would boom, and I might be able to afford some jamón ibérico de bellota. "
spain  euro  yglesias  sidebar 
july 2010 by HispanicPundit
How the Economy of Anarchist Spain Really Worked, Bryan Caplan | EconLog | Library of Economics and Liberty
How the Spanish Civil war demonstrated that there can never be such a thing as anarcho-socialism. You need a government to be socialist and you cant be socialist if you have no government.
socialism  democracy  anarcho-capitalists  spain  caplan  sidebar 
may 2010 by HispanicPundit

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