Spain: A Political Risk Analysis
Spain is in the throes of the worst economic crisis in its recent history. Reeling from the collapse of a debt-driven construction boom, Spain entered recession in the second quarter of 2008 and posted six consecutive quarters of negative growth. Although the economy grew by 0.1 percent during the first quarter of 2010, Spain’s growth prospects are poor and any pick-up could be short lived.
Our addiction to self-delusion
1. Regardless of the supposedly globalized and interconnected world, segmented thinking and selective perception is more the rule than the exception. Many nations and movements manage to convince themselves that certain menacing phenomena cannot possibly affect them. At the same time, there is a tendency to hold a devalued image of the threat that these development carry in their belly. The method behind addictive self-delusion consists of one-sidedly overemphasizing the compatible aspects of the observed force while determinedly ignoring those signals that represent a threat.
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