SPAIN: Out of Limbo?

The favorite argument for dictators is that they impose order and thus smooth the way for improvements, but in 20 years of Francisco Franco, the Spanish economy has seen precious little improvement. Partly to blame were the aftermath of Spain's ruinous Civil War, the international war that followed, and the long years of political isolation. But the rest lay in Franco's inept administering, in Spain's archaic economic system, and perhaps in those national qualities described by a 19th century Spanish statesman: "I do not know where we are going, but I do know this—that wherever it is, we shall...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!