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OECD Economic Surveys: Spain 2012
OECD Publishing , Publication date:  14 Dec 2012
Pages: 104 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264128323 , OECD Code: 102012181P1
Price:   €61 | $86 | £54 | ¥7200 | MXN1080 , Standard shipping included!
Availability: Low stock
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Other languages:  French (Available)
Superseded by: OECD Economic Surveys: Spain 2014 - (Available)
Other Versions:  E-book - PDF Format
Subscription:  OECD Economic Surveys (Available)

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Details
Frequency: Every 18 months   Tables: Charts: 26 

Description

OECD's 2012 Economic Survey of Spain examines recent economic developments, policies and prospects and takes a special look at the banking crisis and youth employment.


Table of contents:

 

Basic statistics of Spain, 2011Executive summary
Key recommendations
Assessment and recommendations
-The economy is suffering a protracted recession
-The current account deficit has fallen markedly but the trade balance will need to improve further
-Restoring banks’ access to funding is the most urgent priority
-Steps have been taken to accelerate the restructuring and resolution of banks
-Resolution of non-viable banks needs to impose losses to some creditors to protect tax-payers better
-Reform of bankruptcy procedures can accelerate restructuring
-The government has introduced large front-loaded budget consolidation
-Ambitious budgetary rules have been introduced
-Pension reform has damped the expected increase in ageing-related spending but further reform is necessary
-Budgetary consolidation should be combined with a reform of the tax system, notably to make it more green-growth friendly
-Progress in labour market reform is considerable but important challenges remain
-Ensuring that employment protection is not a burden for hiring
-Promoting job creation through more flexible adjustment of wages
-Strengthening activation
-Ensuring that youth acquire the skills needed in the labour market
-Reforms to raise productivity can strengthen competitiveness
Bibliography
Annex A1. Progress in main structural reforms
Chapter 1. Deleveraging the private sector and overcoming the banking crisis
-
The financial crisis needs to be addressed quickly
-The banking crisis requires a comprehensive policy response
-The government has taken steps to strengthen the resilience of the banking sector
-Effective bankruptcy regimes can accelerate loss recognition and strengthen structural change
Bibliography
Chapter 2. Improving employment prospects for young workers
-Labour market challenges
-In the short term, ensure that youth-at-risk remain connected to the labour market
-Reducing the early drop-out rate from education
-Facilitating the transition from school to work through improved vocational education
-Helping the young to move from temporary to stable employment
-Improving firms’ incentives for youth employment through more flexible collective bargaining
-Bibliography

 

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