The Spaniards have been on an economic hot streak as of late. So, what have they been doing right, and will this streak continue?
Spain has seen strong economic growth, a balanced budget, and business-friendly policies all contributing to the recent economic success. Actively seeking and welcoming immigrants has helped offset demographic decline, and the people entering the county have had an easier time integrating since they mostly hail from former Spanish colonies.
However, there’s a bulge in Spain’s demographics. This means that the economic boom they are seeing now will only last for another decade unless they can drive a million youths into the country each year. If Spain wants to secure its long-term future, it might have to start thinking about integrating with alternative systems, like NAFTA.