Spain as a market: Opportunities for business, economic development and Francoism

Abstract

This article offers a perspective of the strategies adopted by the main industrial powers during the 1950s and 1960s to penetrate the Spanish market. Under the influence of the Cold War, international cooperation between the United States of America and Western Europe and the emergence of a developing country, foreign corporate groups sought support from their governments to conquer new business opportunities in Spain. Despite the entrance barriers, the 50s bore witness to how these groups adopted positions based on the conviction that Franco’s regime would eventually end up giving way to economic liberalism, thus returning Spain to the international economy, hence multiplying expectations on investments and profit. An outward- looking vantage point helps to understand the complexity of an economy that was subject to the intervention of an authoritarian state while in a stage of accelerated growth. External relationships were forged based on market strategies.