... is important to overview the current economic conditions in Spain.(See Appendix 1) My original hypothesis starting this investigation was that the Government has done a fantastic job in reducing umemployment, however, my subsequent research has validated this only to a certain extent. Firstly, to understand the problem of unemployment in Spain I believe it is useful to review its roots. Since the early 1980's Spain has experienced an unemployment rate much higher than the rest of the OECD i.e. around 22% due to the structural changes that were taking place in the economy (See Appendix 2) that made many workers redundant. High levels of unemployment means that there is misallocation of resources. Furthermore, although new jobs are created, high skills are required to pursue a job in the services sector. I feel that the Government should have provided more training for the unemployed. Surprisingly, unemployment rates fell from 22% in 1980 ...

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