The World: A High Price for Prosperity

BY dint of hard work and unromantic planning, Spain is doggedly building itself into an industrial power. The gross national product has grown an average 6.1% annually since 1964, and at $32.2 billion is 13th in the non-Communist world, just behind Sweden and ahead of The Netherlands. Per capita income has surpassed $1,000 per year, up from $317 in 1960; that is still well behind the Common Market countries but light-years ahead of a prewar standard of living that compared to Bulgaria and Portugal. Spain is the world's fourth largest shipbuilder, ranks 13th in steel production, and this year has assembled...

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