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In 2015, 54% of the population had basic or advanced digital skills in Spain, compared to 57% in the EMU. Four years later, the figure reached 57%, one percentage point less than in the wider EMU. From 2019 to 2020, the figure in Spain rose to 60%—still far behind the 80% target set by the 2025 Digital Agenda.
Equal educational opportunity and the development of human capital are two of the main keys to economic progress and social welfare — if not the most important. In the face of the digital disruption that is underway, knowledge, skills and competences of the population are also essential.
Speaking at South Summit 2021, held in Madrid from October 5 to 7, Jorge Sicilia argued that innovation and entrepreneurship are key to healthy economic growth and enhanced well-being.
The empirical evidence on the minimum wage provokes a heated debate on its increases and the need to differentiate it according to age and work experience, or region.
Despite the significant improvement in per capita income in Spain over the last few decades and the considerable resources the public sector has dedicated in trying to reduce the differences between the country's regions, the result in terms of regional convergence is not completely satisfactory.
The Spain 2050 strategy establishes a broad and useful set of objectives on which social consensus and state pacts can be built, as well as measures to achieve them.
Societies that successfully strive for an investment-friendly environment will succeed in transforming their economies after the pandemic and will address the digital and environmental challenges prior to COVID-19. An efficient combination of private and public investment will be crucial.
In the long run, countries with higher private investment experience higher rates of growth. Therefore, good public policies that encourage permanent increases in private investment rates lead to increases in long-term economic growth and welfare.