the country never received the benefits from the European recovery plans, keeping it in a situation of complete isolation. Then following the Civil War in Spain, an inward-looking development model known as autarky, was adopted as a result to its isolation with its surrounding neighbors in Europe. This economic policy was based on the fact that the Spanish economy had the resources necessary to produce enough on their own without having to depend on other countries to satisfy all of society’s needs while working on developing the economy. However, because of the Spanish economy lacking sufficient raw materials, technology, and size for developing businesses large enough to be competitive and capable of making a good enough amount of capital to import the necessary things for growth, the plan ultimately failed. Then finally the Stabilization Plan of 1959 was designed to open the doors to the entry of goods and foreign capital. The Stabilization Plan was made up of the entry of capital into Spain through tourism, foreign investment, and remittances sent home by Spanish workers who emigrated to more developed European countries. Even though this new economic plan was unstable, it was definitely much more successful than the Autarky economic policy. Also known as a “stop-and-go” policy, it created a more serious use of capital than would have been expected by the physical work capital resources of the country. The work force significantly increased, with the loss of jobs in agriculture, which was the traditional method in which the Spanish earned money, and the growth of the tertiary part, which incorporated women into the workplace. Shipbuilding, steel, chemicals, textiles, and footwear were some of the main industries. Investment is being made in new manufacturing industries, such as information technology and telecommunications equipment. This sector utilized standard technology and based its competitiveness on...
