On November 22, a storm was raging about the rescue of Ireland by the European Union (EU) and the International Monetary Fund (IMF), which could amount to 90 billion euros. Fears were growing that the economic contagion could spread to Portugal, Spain and other euro zone economies. On that day, the Circle of Entrepreneurs and the Wharton Business School presented in Madrid the 2010 Annual Report on the Internationalization of the Spanish Company.
The goal of that publication, now in its fourth edition, is to take the pulse of Spanish companies in a global context. As this year’s edition was being presented, Claudio Boada, president of the Circle, sounded an alarm about the erosion of Spain’s prestige in the international arena. “The country is losing its credibility in the marketplaces [of the world] at an accelerated rate, and the reforms performed by the government [such as those involving labor regulations], will not help to improve that situation, if they remain brief.”
To read the full, original article click on this link: Innovation Combined with ‘Internationalization’: Spain’s Way Out of the Crisis
