Manufacturing in Spain: aftermath of the global financial crisis

Abstract

This study looked at different views on the role of manufacturing during and after the Global Financial Crisis, as well as on the consequences for the economy. Technological change and the increase in productivity are believed to be one of the main causes of current unemployment rates. As a result, advanced economies are switching their employment base from manufacturing to services. This study aimed at proving whether this theory is true for the employment base in Spain. In order to do so, the overall performance of the Spanish manufacturing sector in the aftermath of the Global Financial Crisis was analyzed.