lized to correct social inequalities. Spain was an exception to this rule up until the eighties and made serious economic adjustments. In comparison to the European Community, the tax burden is below average as it has increased from 28.1% to 36.4% since 1986. The current tax system today consists of true taxes, dues and fees, and special levies. These serve to pay back any benefit as a result of public works or services. As far as the government’s involvement in credit and stock markets, “administrative participation is confined to regulating the conditions for access by and permanence of regular operators and to monitoring the operations of financial enterprises, in accordance with the standard practice in economically developed nations” (TFS 1).Despite its rocky past Spain has made leaps and bounds toward an economy that is competitive with the rest of the European world. With a strong new government and more macroeconomic reforms to keep inflation and unemployment down while manipulating the interest rate Spain could be a important player in the European economy as well as the world economy. Works CitedBurton, Kevin.1994. The Business Culture in Spain. Butterworth-Heinemann ltd., Jordan Hill, Oxford OX2 8DPThe ABC Country Book of Spain. 7 April 2000 http://www.immigration-usa.com/wfb/spain_economy.htmlCIA World Factbook. 7 April 2000http://www.odci.gov/cia/publications/factbook/sp.htmlJosephine Quintero. Economy of Spain. 8 April 2000 .http://www.andalucia.com/spain/economy/home.htmWorld Bank Group. 6 April 2000http://www.worldbank.org/html/schools/regions/eca/spain.htmTradeport. 4 April 2000. http://www.tradeport.org/ts/countries/spain/trends.htmlThe Economy of Spain. 6 April 2000 http://www.travelnet.co.il/espagne/menu/TheEconomyOfSpain.htm...
