Abstract

For generations to come, it should not be forgotten that the bloody origins and the undemocratic nature of the Franco regime caused Spain’ s exclusion from all the initiatives at international cooperation after World War II. The institutions which resulted from these initiatives embodied the sort of welfare capitalism responsible for one of the fastest and most solid patterns of economic growth, social consensus, and democratic political stability which Western Europe has ever enjoyed. The main consequences of exclusion from this institutional set was thus to condemn the Spanish population to a lower standard of living than would have been the case had Spain not become a political rara avis among its peers.KeywordsTrade LiberalizationBilateral TradeEuropean Economic CommunitySpanish EconomySpanish GovernmentThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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