Industry, construction, and energy

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3. INDUSTRY, CONSTRUCTION AND ENERGY THE EVOLUTION OF SPANISH INDUSTRY -

Spanish industry began to evolve when it experienced the Industrial Revolution. This did not happen until the 19 th century. We can distinguish several periods in the 20 th and 21 st centuries: - 1950s and 1960s: - industrial development begins in major cities. - 1970s: - industrial cities throughout the world, causing energy prices to rise. - 1980s: - industrial restructuring makes it possible to recover from the crisis, aided by Spain’s entry into the EEC. - 1990s: - new industrial gowth. Investment in the iron and steel industry and shipyards decreases, and innovation and investment in technology industries. - 21 st century: - the globalisation of the economy has encouraged offshoring, which involves closing factories in Spain and moving production to countries with lower labour costs. - This has combined with the effects of the international crisis, causing a great impact in the Spanish construction.


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