The Basque country, with a population of 2.1 million and covering 7,233 square kilometers, is an autonomous region in the north of Spain, is physically separated from it by the Pyrenees. Presents the history of the region – very wealthy at the turn of the 20th Century, but the brink of bankruptcy in the 1950s. By 2001, the Basque GDP had risen to a level significantly ahead of Spain and most European countries per capita. At the same time that the region enjoyed the spoils admirable … Read more »

The Basque country, with a population of 2.1 million and covering 7,233 square kilometers, is an autonomous region in the north of Spain, is physically separated from it by the Pyrenees. Presents the history of the region – very wealthy at the turn of the 20th Century, but the brink of bankruptcy in the 1950s. By 2001, the Basque GDP had risen to a level significantly ahead of Spain and most European countries per capita. At the same time that the region enjoyed the spoils admirably executed cluster initiatives, it was extremely by the destabilizing force of the Basque separatists, a slowdown in the global economy and an increasingly precarious balance of power between their own government of the Basque country and the looming government of Spain.
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from
Michael E. Porter,
Christian H.M. Ketels,
Jesus M Valdaliso
Source: Harvard Business School
25 pages.
Release Date: 11 January 2013. Prod #: 713 474 PDF-ENG
The Basque Country: Strategy for Economic Development HBR case solution

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