Revitalizing the Economy

IESE’s New York City Center spotlights Spanish recovery

10/04/2013 New York


IESE’s New York Center is hosting a Business Competitiveness Council (CEC) event today, April 10. Speakers at the event will be Ignacio Sánchez Galán, chairman of Iberdrola and Angel Ubide, Senior Fellow at the Peterson Institute, who will deliver a session titled, "Spain: A Land of Opportunities."

The session will feature conclusions of a recent report describing adjustments made in the Spanish economy and the implementation of structural reforms that are set to contribute to revitalizing the economy. The study highlights a number of the country’s key attributes such as a highly educated workforce, quality infrastructure and positive geopolitical positioning. IESE professors José Manuel Campa, Alfredo Pastor and Juan José Toribio contributed to the report.

The CEC created in February 2011, is spearheaded by 15 major Spanish companies and the Instituto de Empresa Familiar (Spain's Family Firm Institute). CEC member companies employ 1.7 million people in Spain and their combined revenue accounts for 35 percent of Spanish GDP.

Among the leading companies that form part of the CEC are Inditex, Acciona, BBVA, Ferrovial, Iberdrola, Mango and Repsol. The council is currently presided by César Alierta, CEO of Telefónica.