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Current Account Balance as percentage of GDP. Source: AMECO, Balances with the Rest of the World, Balance of Payments.
Source publication
This article explores the evolution of Spain’s capitalism during the last decades in order to unveil the factors underlying the harshness with which the COVID-19 pandemic has impacted Spain. We present a twofold thesis. On the one hand, we argue that Spanish capitalism has harbored certain internal vulnerabilities, relative to its productive specia...
Contexts in source publication
Context 1
... productive asymmetries within the European Union, with Spain focused on goods with lower technological content, reinforced these dynamics. The strong position enjoyed by companies focused on domestic demand was another vulnerability that highlighted the problems of the country's production model ( Gracia and Paz 2018) (Figure 2). ...
Context 2
... the one hand, private agents continue to maintain very high levels of indebtedness despite a decade of efforts to reduce this. The debt accumulated by the private sector stood at 190% of GDP in 2019 (down from 270% in 2009); meanwhile, the debt accumulated by households remained at 105% of their net disposable income, putting them in a very vulnerable situation in terms of possible rises in interest rates. On the other hand, Spanish public accounts in 2019 were much more compromised than at the beginning of the Great Recession. ...
Citations
The article draws attention to the efforts of comprehension of the labour market transformation in the area of taxi and food delivery services in the Russian Federation. The key feature of these areas is the leading role of maternal companies of digital platforms, which provides them with a competitive advantage in the market. The research hypothesis states that regardless of non-zero-sum games adherents’ declarations, the main rules of such games within the framework of the digital economy remained unchanged. The main conclusion of this work is the thesis that the economy of digital platforms, which had been placed with high expectations by ideologists of the post-industrial transition, did not solve the contradictions and flaws inherent in capitalist relations. The article reflects on the idea of institutional political economy’s hindrance in the context of the issue along with the national factor of exploitation in the labour market in the taxi and food delivery industry.KeywordsPolitical economyPostindustrial revolutionDigital platformsDigitalisationLabour marketMarxism
The RRP (Italian National Plan for Recovery and Resilience) is the plan for Italian economic policy in the context of the European Next Generation EU (NGEU) and is structured in the form of investments designed to achieve the goals of growth and resilience. The aim of this article is to provide an analysis of this Plan, for the purpose of studying its adequacy in reducing imbalances both among European countries and within Italy, as well as in reducing unemployment.
