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Fernando Jiménez

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What can a country do when his unemployment rate reaches the 27%?

Spain has reached the 27% of unemployment rate, the goberment have done importante modifications in the work market, made it more flexible, added to others legal regulations, but nothing seem to be effective.

What should do we do to stimulate our work market?

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    May 8 2013: Unfortunately you need to make it easier to lose people in order to make it easier to take them on. So labour market and public sector reform is needed. But Spain also needs an investment strategy, where will its future competitiveness come from? How can government support or enable new industries. Most start-up communities have had some kind of subsidy in the beginning, Israel's successful tech community is a good example. Even silicon valley had subsidy, in the form of access to the R&D produced by the military using government money over the previous decades. The trouble with these debates is that most commentary is simply left or right. The answers lie in practical solutions drawn from both that have been shown to work in the past. Labour market and public sector reform, and investing in new industries in which Spain has some advantage such as an educated work force, are two. Admittedly state engagement in enabling investment is an area with a mixed record, but only applying painful measures without positive approaches risks stagnation, as well as being political suicide.
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      May 8 2013: Im so agree with your point of view, it´s not a philosophical problem between right or left, its a social problem we must solve.

      We have some strengths, weather, food, beaches, task force, innovative people, but we need a new locomotive to create jobs. Of course we have to reform our public sector, so big, so inefficient, so expensive, and develop a new investment strategy, but how long should it take to make take effects this measures?, do we have it?
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      May 8 2013: to start a little farther, as a kid i always found weird that in sci-fi novels, planets has a certain kind of people, one single society, and very distinct characteristics. however, on earth we have hundreds of countries, thousands of cities each. each city have many different parts, and this great diversity goes down to neighborhood or street level. problems at a certain location are not even known 5km away. genius loci is legion.

      so what could be the proposed investment strategy of spain, that would enable its future competitiveness? why would spain as an entity has competitiveness in any area? why spain exists at all on economic level? why would it exist? the entire notion that a country has something like a "profile", or it should have, is mindblowingly simplistic. such a country level strategy can only hurt the majority of the people. all those that are outside of the areas selected by the bureaucrat committee. sadly, this is exactly what happens from time to time.

      in reality, spain does not have comparative advantage in anything. companies have. people have. regions have.

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