The factor is not so much the monetary crisis as the nation's malfunction to present structural reform. The institutional hypothesis recommend that the political system fails to equate residents' choices into reliable reform.
According to the values hypothesis, numerous people turn down any reform that will need them to work more difficult or take in less. Based upon the reforms performed over the last half-century and the attributes of Spain's most effective services and people, the author says that exactly what is had to reconstruct self-confidence and conquer the recession is an injection of competitors and obligation.
PUBLICATION DATE: February 15, 2009 PRODUCT #: IIR016-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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