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Balance de la Gran Recesión y retos de la economía vasca para la próxima década

Author

Listed:
  • Alberto Alberdi Larizgoitia

    (Viceconsejero de Economía, Finanzas y Presupuestos. Gobierno Vasco)

  • Arantza Olalde Maguregui

    (Dirección de Economía y Planificación. Gobierno Vasco)

Abstract

After several years returning to growth we are better able to fully understand the meaning of the Great Recession, something that is indispensable in order to consider the current challenges of our progress and well-being. Therefore, this article attempts to develop that understanding by analysing the competitive performance, financing and stabilizing role of the public sector to see what this legacy implies for the economic model of the future. At the same time as these features of the growth model are identified, three additional conditions are addressed, which have to do with globalization, demography and climate change, and which have remained in the background, but have now exploded onto the scene to figure as fund trends as much or more important than strictly economic ones due to the accumulation model. Taking these aspects and these conditions together will help us draw the profiles of the challenges of a development strategy on the horizon for the coming decade.

Suggested Citation

  • Alberto Alberdi Larizgoitia & Arantza Olalde Maguregui, 2020. "Balance de la Gran Recesión y retos de la economía vasca para la próxima década," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, vol. 35(02), pages 40-85.
    • Handle: RePEc:ekz:ekonoz:2020202
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    More about this item

    Keywords

    crisis económica; economía vasca; financiarización; gran recesión; segunda gran transformación;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General

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