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Great diary!!!

so great that I disagree almost completely with the ideas behind the report...

I will not give you my vision of the world, but I would give you indeed a good reason why the report is not correct...

Spain.

Everything that is said there has nothing, absolutely nothing to do with what happened in Spain. In the 70s we were hardly coming out from the closet. Huge employment in agriculture..and hadly developed economy.Fromt hen on employment figure was uniquely fixed by the rate at which people left agriculture to look for other jobs.

It was a dance floor between spectations (individual decision) and economic grow.
Of course there were other inputs and some changes in the labor relations folowing the line of making it easier for to fire someone in a lot of service sector jobs..

Spain in the 80s and the 90s had also nothing to do with the image you are giving for Europe. There were arrangements, salaries bargain and constant discussions about the monetary policy..

But all in all, uemployment only started diminishing when there were no people in the agricultrue willing to leave (agriculture employment figure as any other European country) and a good chunk of the women (the more willing) were already in the labor market...

SO, these general frameworks are normally wrong... and specially when I can hardly believe some figures because of the different ways to compute long term unemployment...BUt, regarding spain nothing to do.. and youc an not use it as example of anything

So, wonderful diary.. and I am sure it may apply to some of the countries...I guess. Certainly not to Spain..

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 23rd, 2005 at 07:14:40 AM EST
Kcurie, you forget that Franco's Spain had to enjoy 10 years of self-insufficiency in 1945-55, missed out on the Marchall plan, sent large numbers of guest workers to France, Benelux and Germany, and insulated the population from the 1973 old shocks by huge government subsidies. In 1982 unemployment was officially over 20%. In the 1980's and 1990's it tended to be anti-cyclical with the rest of Europe, both politically and economically.

Spain only joined "Europe" in 1986, so it is understandable if this article's analysis does not apply.

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper

by Migeru (migeru at eurotrib dot com) on Wed Nov 23rd, 2005 at 07:19:55 AM EST
[ Parent ]
These are old the things I wanted to say regarding how Spain is absolutely out of step in this frame... I do not know why it is incuded to argument any point...spain was out of step, following tis own dynamics (couled with Euroep of course).

I wonder how different were other countries...

Wondering

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 23rd, 2005 at 08:12:59 AM EST
[ Parent ]
Blanchard recognizes that Spain is something of a special case:

. . . the rapid decrease of the unemployment rate in Spain -- which has now fallen below 10% -- is also hard to trace back to either shocks or dramatic changes in institutions. Yet another puzzle is the coincidence of very low productivity growth -- zero measured tfp [total factor productivity] growth in Spain over the last 15 years -- and decreasing unemployment.
by TGeraghty on Wed Nov 23rd, 2005 at 01:37:10 PM EST
[ Parent ]
He just does not know basic Spanish history or he is too lazy to look for it. The reasons are any economic text book written in Spain the last twenty years. There are plenty of them in the libraries...a simple goolge search would meake it

I hope he did not research his paper as much as he researched Spain... SNARK SNARK

A pleasure

I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude

by kcurie on Wed Nov 23rd, 2005 at 01:53:44 PM EST
[ Parent ]
Why are you so sure about what he knows or doesn't know? Did you even bother to read his paper yourself?
by TGeraghty on Wed Nov 23rd, 2005 at 02:05:34 PM EST
[ Parent ]

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