The Basque company blog Receive daily information of interest to your company
News 2 December, 2021 Internationalisation Basque Trade & Investment

Martin Wolf, chief economist of the Financial Times, holds up the Basque Country as an example of industrial reinvention

International Communication Media are helping to disseminate news and reports that project a magnificent image of the Basque Country
Martin Wolf Financial Times

Following his participation in the internationalization event Mundura Begira 2021 invited by Basque Trade & Investment / Basque Internationalization Agency of the SPRI Group, Martin Wolf has published an article in which he highlights the transformation of the Basque Country in recent decades.

Thus, different international media are contributing to disseminate news and reports that project a magnificent image of the Basque Country, as has been the case in ‘The Economist’ and now in ‘Financial Times’; the British newspaper of reference in business news and global economy.

The article highlights how Basque Country has managed to regenerate and renew itself: from a declining heavy industry and high unemployment rates in the 1970s to an economy based on cutting-edge industry and high value-added services. “When we talk about regeneration, it is worth looking at this former industrial region,” says Wolf.

He highlights how this transformation has been accompanied and supported by the development of new institutions from scratch and the close collaboration between the public and private sectors. Likewise, he concludes that the promotion of internationalization, a task currently promoted by Basque Trade & Investment, has been, among others, key in the development of a successful entrepreneurial ecosystem that has raised the purchasing power of the Basque Country to the level of Germany.

Today, the Basque Country faces another series of challenges with a special focus on the Energy Transition, the Sustainable Development Goals and the specialization of its industrial and service companies. It also depends, of course, on the ability of private companies to take competitive advantage of the opportunities of a global market, an activity in which Basque Trade & Investment focuses its efforts and makes a series of services and programs available to Basque companies.

Martin Wolf Financial Times

Mundura Begira
News 29 November, 2021 Internationalisation
Keys to Mundura Begira 2021
Read more
Driving Global Growth
News 27 November, 2021 Internationalisation
Download the report on key industries in emerging markets by 2050: DRIVING GLOBAL GROWTH.
Read more
Virginia Euskadi Energías Renovables Eólica
News 15 November, 2021 Internationalisation
The Basque Country and the State of Virginia make progress in their agreements of interest to Basque companies in the energy sector.
Read more
Mundura Begira 2021
News 3 November, 2021 Internationalisation
Keys to the future of Basque companies in Mundura Bergira
Read more
News 30 September, 2021 Internationalisation
The “Mundura Begira” event on business internationalization in the Basque Country will analyze the global scenario after the pandemic.
Read more

Latest news about new subsidies

For SMEs, for diversifying markets, internships abroad, international tenders, non-reimbursable subsidies to consolidate exports, subsidies for deployments or specific training in internationalisation.

You’re interested, right?
// Specialized Channels

Follow us. Specialized channels
and daily news