Abstract
The Pactos de la Moncloa had established the framework (joint action between government, political parties and unions) and the orientation (heterodox liberal) of the economic policy to be developed by the new democratic regime. These pacts, which were negotiated under the first democratic government formed by the UCD and led by Adolfo Suarez, were naturally to serve as a guide for the economic initiatives of this government (1977–79) and for the second UCD government led by Calvo Sotelo (1979–81). Depending to a large measure on joint social action, the two administrations began applying the stabilization and structural reform policies set out in the Pactos de la Moncloa, while at the same time pursuing, in several respects, an expansionist, demand-side economic policy. During the period 1977–82, the negotiation of the membership treaties,1 officially begun in February 1979, was to have a limited impact on the adjustment process, since it was centred on examining the problems inherent in the entry of the Iberian countries, and slowed down by various conflicts between the member states.
Keywords
- Unemployment Insurance
- Common Agricultural Policy
- Unemployed Worker
- European Monetary System
- Royal Decree
These 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.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsPreview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1997 Diane Ethier
About this chapter
Cite this chapter
Ethier, D. (1997). Spain: An Early and Durable Process of Adjustment. In: Economic Adjustment in New Democracies. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230377943_3
Download citation
DOI: https://doi.org/10.1057/9780230377943_3
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-40189-5
Online ISBN: 978-0-230-37794-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)