Oditor, Vol. VI, Br. 01/2020

Rajko Petrović[1]

Date recieved: 01.01.2020.
Date accepted: 21.03.2020.


JEL: O14


In this paper we will analyze the effects of one of the most important economic projects on the soil of Europe after the Second World War. It’s about a series of measures for the recovery of the Spanish economy, which in economic theory is collectively referred to as the “Spanish Economic Miracle”. Spain, after the Spanish Civil War, and then the Second World War, was an underdeveloped and impoverished country, and was closed to foreign countries in political and economic terms. A wide range of reforms was initiated by the Spanish dictator Francisco Franco, while in practice they were implemented by the so-called technocrats. The results on the business plan were very favorable, but they were stopped by the outbreak of the oil crisis in the 1970s. The conclusion is that the reforms resulted in a strong industrialization of the country, opening up to the European and world market, developing Spain’s tourism potential, and creating a strong middle class population. In this paper we will use the case study method, comparative method and statistical analysis.

Keywords: Spain, economic miracle, industrialization, tourism, oil crisis.

[1] Research-Trainee, MA Rajko Petrović, Institute of European Studies, Nikola Pasic Square 11, Belgrade, Republic of Serbia, Phone: +381 60 3171 992, E-mail: rajko.petrovic@ies.rs