Innovation combined with ‘internationalization’: spain’s way out of the crisis
El 22 de noviembre, una tormenta rugía a raíz del rescate de Irlanda por parte de la Unión Europea y el Fondo Monetario Internacional. Los temores de contagio económico a otros países como Portugal o España eran cada vez mayores. Ese día, el Círculo de Empresarios y la Wharton Business School presentaron en Madrid el «Informe anual 2010 sobre la internacionalización de la empresa española» que tomaba el pulso a la situación de las compañías del país en el contexto actual.
Publicado en Universia Knowledge Wharton. The goal of that publication, now in its fourth edition, is to take the pulse of Spanish companies in a global context. As this year’s edition was being presented, Claudio Boada, president of the Circle, sounded an alarm about the erosion of Spain’s prestige in the international arena. “The country is losing its credibility in the marketplaces [of the world] at an accelerated rate, and the reforms performed by the government [such as those involving labor regulations], will not help to improve that situation, if they remain brief.”
Boada also warned that despite the fact that the economic crisis is slackening in some countries, Spain’s way out of the current situation will be slower and more painful than for other countries. “After three years of economic crisis, we witnessed the first steps in the recovery in 2009, leaving behind the worst of the crisis. In 2010, the situation has improved somewhat, but in some countries more so than in others,” he said. One of the countries left behind in this positive trend is Spain, where this year’s report describes the situation as dismal.