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The '''Spanish Miracle''' was the name given to the Spanish economic recovery between 1959 and 1969. The national recovery was bolstered by the interior reforms promoted by the so-called "]s," accepted by General ] and assisted in implementation by the ]. The Spanish Miracle was the name given to the Spanish economic boom between 1959 and 1973. The national recovery was bolstered by the interior reforms promoted by the so-called ]s, accepted by General ], who put in place development policies from the ]. The ] were a new breed of politicians linked to Opus Dei, who replaced the old ] guard.


The implementation of these policies in the form of development plans (planes de Desarrollo) was largely a success: Spain enjoyed the second world highest growth rate just after Japan and became the ninth largest economy in the world, just after Canada, and the country left behind two centuries of poverty and endemic underdevelopment since the loss of Spanish Empire at the begining of 19th century.
⚫ Although successful to a degree (Spain enjoyed an economic growth rate second only to Japan), the recovery was heavily based on the introduction of foreign products and the opening of Spain as a ] destination. The "miracle" ended the period of ] (closed economy) and could be considered to be the response to the economic crisis of Spain after the ] that the same pro-Franco groups began in 1936. The economic recovery saw noticeable improvements in Spanish living standards and a burgeoning ], though Spain remained less economically advanced relative to the rest of ] (with the exception of ]).


⚫ The recovery was heavily based on public investment on infrastructures and the opening of Spain as a ] destination. The Miracle ended the period of ] (closed economy) and could be considered to be the response to the economic crisis of Spain after the ] and the challenges of ]. The economic growth saw noticeable improvements in Spanish living standards and the development of a ] in Spain, though Spain remained less economically advanced relative to the rest of ] (with the exception of ] and ]). At the heyday of the Miracle ] Spanish income per capita was 79% of the western european average, only to be reached again 25 years later, in 1999.
New politicians who did not fight in the war replaced the old ]s and helped implement the new policies.


The recovery led to an increase in (often unplanned) building in Spanish cities to accommodate the new industrial workers brought by ]. The recovery led to an increase in (often unplanned) building on the peripheria of the main Spanish cities to accommodate the new class of industrial workers brought by ] much similar to the french banlieue.


One of its symbols was the ], the first car for many Spanish families, produced by the Spanish ] under ] licence. The icon of the Desarrollo was the ], the first car for many Spanish families, produced by the Spanish ] under ] licence.


] ]

Revision as of 22:36, 26 January 2006

File:Seat 600 spain.jpg
A white Seat 600

The Spanish Miracle was the name given to the Spanish economic boom between 1959 and 1973. The national recovery was bolstered by the interior reforms promoted by the so-called technocrats, accepted by General Francisco Franco, who put in place development policies from the IMF. The technocrats were a new breed of politicians linked to Opus Dei, who replaced the old falangist guard.

The implementation of these policies in the form of development plans (planes de Desarrollo) was largely a success: Spain enjoyed the second world highest growth rate just after Japan and became the ninth largest economy in the world, just after Canada, and the country left behind two centuries of poverty and endemic underdevelopment since the loss of Spanish Empire at the begining of 19th century.

The recovery was heavily based on public investment on infrastructures and the opening of Spain as a tourist destination. The Miracle ended the period of autarchy (closed economy) and could be considered to be the response to the economic crisis of Spain after the Spanish Civil War and the challenges of World War II. The economic growth saw noticeable improvements in Spanish living standards and the development of a middle class in Spain, though Spain remained less economically advanced relative to the rest of Western Europe (with the exception of Portugal and Ireland). At the heyday of the Miracle 1974 Spanish income per capita was 79% of the western european average, only to be reached again 25 years later, in 1999.

The recovery led to an increase in (often unplanned) building on the peripheria of the main Spanish cities to accommodate the new class of industrial workers brought by rural exodus much similar to the french banlieue.

The icon of the Desarrollo was the SEAT 600, the first car for many Spanish families, produced by the Spanish SEAT under FIAT licence.

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