Two interesting articles on the Basque economy have recently been published by BasqueTribune:
In “How is the Basque Economy Doing?” economist Joseba Barandiaran offers a general overview of the present situation, describing a predominantly service-based economy but with an important manufacturing sector. While noting the healthy state of this “relatively rich economy,” Barandiaran also points out certain major challenges that need to be addressed: improving the technological dimension of Basque manufacturing, increasing RDI investment, and, perhaps most difficult of all, addressing the continuing demographic decline in the Basque Country. Read the full article here.
In “The Basque Country: We Lived in the Future (We Just Were Not Aware of It)” economist Asier Alea criticizes the assumption that advanced economies are merely service-based, arguing for a critical reflection on the place of manufacturing in contemporary societies. In his view, the recent crisis has demonstrated that those economies that maintained a robust manufacturing sector were better able to cope with the ensuing problems. We are, he argues, now on the verge of a new industrial revolution that will also herald new social and cultural changes involving a global vision rooted in strong local identities; changes that, he contends, the Basque Country is well placed to capitalize on, having embraced this vision already. Read the full article here.
If you’re interested in these topics, check out some of the Center publications on the Basque economy and related issues such as globalization and innovation.
Basque Economy: From Industrialization to Globalization, by Mikel Uranga, available free to download here. A general survey of the historical evolution of the modern Basque economy from its roots in heavy industry to the more diverse contemporary situation.
Implications of Current Research on Social innovation in the Basque Country, edited by Ander Gurrutxaga Abad and Antonio Rivera. An examination of social innovation in the Basque Country, focusing on knowledge transfer, learning, and innovation.
Innovation: Economic, Social, and Cultural Aspects, edited by Mikel Gómez Uranga and Juan Carlos Miguel de Bustos. A study of the different ways in which innovation is understood in the Basque Country.
Basque Cooperativism, edited by Baleren Bakaikoa and Eneka Albizu. A comprehensive exploration of why the cooperative movement has flourished in the Basque Country and its response to the challenge of globalization.
Behavior and Organizational Change, edited by Sabino Ayestarán and Jon Barrutia Goenaga. Leadership, management, and cooperation in the workplace are all examined here from the perspective of the Basque Country.
See also a couple of more recent publications that examine the general issues raised in the abovementioned books in more detail:
Innovation and Values: A European Perspective, by Javier Echeverria. Charts the historical development of innovation policies and offers a new line of research that takes into account the history and philosophy of science and technology, but which underscores the profound specificities of the concept of innovation.
Building the Basque City. The Political Economy of Nation-Building, by Nagore Calvo Mendizabal. A critical examination of different perspectives on nation and state formation in Spain and the Basque Country within a European context, taking economic issues such as the controversial High Speed Train project and European integration as its focus.