IDEAS home Printed from https://ideas.repec.org/a/ccs/journl/y2020id706.html
   My bibliography  Save this article

Spanish Transnational Business: Economics and Geopolitics

Author

Listed:
  • P. P. Yakovlev

Abstract

The article shows that the one of key factors of the socio-economic development of Spain in the post-Franco period was the true corporate revolution - the folding of a large group of companies whose production activities have crossed national borders and become international. The process of internationalization of Spanish business covered various sectors of the economy, including the military-industrial complex, and had an impact on the geopolitical situation of the Spanish state, it’s foreign policy. In addition, according to the author, the strengthening of the position of transnational business largely ensured Spain’s exit from the crisis of 2008-2009 and helped to overcome its severe effects. It was the increased and focused activity of local enterprises (industrial, engineering and construction companies) in foreign markets that largely compensated for the failures of domestic consumer demand, supported the level of production and ensured acceptable profitability of business activities. In general, Spanish companies, despite periodic crises, have benefited greatly from the process of globalization, have been able to adapt themselves to the international trade and economic order that prevailed at the beginning of the 21st century and have obtained profits from the existing rules of the game. Therefore, the factors of destabilization of the world economy and deglobalization were an unpleasant surprise for Spanish transnational corporations. First of all, we have in mind the turbulent processes in international markets, the UK’s exit from the European Union, the protectionist foreign economic course of the Trump administration, and, of course, the negative consequences of the coronavirus pandemic.

Suggested Citation

  • P. P. Yakovlev, 2020. "Spanish Transnational Business: Economics and Geopolitics," Outlines of global transformations: politics, economics, law, Center for Crisis Society Studies, vol. 13(6).
  • Handle: RePEc:ccs:journl:y:2020:id:706
    DOI: 10.23932/2542-0240-2020-13-6-8
    as

    Download full text from publisher

    File URL: https://www.ogt-journal.com/jour/article/viewFile/706/551
    Download Restriction: no

    File URL: https://libkey.io/10.23932/2542-0240-2020-13-6-8?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ccs:journl:y:2020:id:706. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Кривопалов Ð Ð»ÐµÐºÑ ÐµÐ¹ Ð Ð»ÐµÐºÑ ÐµÐµÐ²Ð¸Ñ‡ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.