Spain and the United States - Real Instituto Elcano

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8 SPAIN AND THE UNITED STATES CHAPTER 6. Cultural Relations, Image and Anti-Americanism ............................................... Image and anti-Americanism .................................................................................................................................................. CHAPTER 7. Looking Ahead ........................................................................................................................................................................... APPENDICES APPENDIX 1. Classification of US Companies in Spain, by Sector ...................................... APPENDIX 2. Classification of Spanish Companies in the US, by Sector................... APPENDIX 3. Net Foreign Direct Investment in Spain, by Selected Countries, 1993-2004 ............................................................................................................................................................................................................................. APPENDIX 4. Net Spanish Direct Investment Abroad, by Selected Countries, 1996-2004 ............................................................................................................................................................................................................................. APPENDIX 5. US Direct Investment Abroad, by Selected Countries, 1994-2004 ............................................................................................................................................................................................................................. APPENDIX 6. Foreign Direct Investment in the US, by Selected Countries, 1994-2004 ............................................................................................................................................................................................................................. APPENDIX 7. Summary of Disbursements of American Aid, by Goods Financed, 1951-62 .............................................................................................................................................................................................. APPENDIX 8. Comparative Figures for Spain and the United States .............................. Bibliography................................................................................................................................................................................................................................. The Elcano Royal Institute for International and Strategic Studies........................................................
PREFACE Once again, our long-time collaborator, William Chislett, has published a marvellously informative and insightful book with the Elcano Royal Institute for International and Strategic Studies. As with Mr. Chislett’s previous Elcano books (The Internationalization of the Spanish Economy, and Spanish Direct Investment in Latin America), he has tackled an important and timely theme in the broad panorama of Spanish interests – relations between Spain and the United States – in his Spain and the United States: The Quest for Mutual Rediscovery. Spanish relations with the United States have been increasingly important for decades now, and all signs point to their continuing significance. The United States remains the most significant economic, political and cultural presence in an international arena in which Spain has also rapidly become an important player. The Spanish-US relationship has come a long way since the days of the Pact of Madrid in 1953, which set up military bases. Today the bilateral economic relationship is finally beginning to break into more mature terrain, as an increasing number of Spanish enterprises are operating in more significant ways in the US economy, while the US continues to be one of the principal sources of foreign direct investment in Spain. Indeed, while the Spanish-US economic relationship is one of the most important bilateral relationships for Spain (the US is often characterized, depending on the year, as the number one national investor in this country), it is also the source of significant untapped potential. In our recently published Elcano Index of Strategic Risks and Opportunities for the Spanish Economy, the United States is ranked in many years as one of Spain’s essential economic partners, alongside the UK, France and Germany. Nevertheless, this importance of the US for Spain’s economy is grounded almost exclusively upon the strength of inward investment from the US. While increased activity across the board has been noted in recent years – as Chislett meticulously details in this book – so much potential remains to be tapped in other aspects of the relationship (including Spanish investment in the US, bilateral trade in
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Page 7: CONTENTS Preface ..................
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CHAPTER 5 THE HISPANIC COMMUNITY Hi
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APPENDIX 1 CLASSIFICATION OF US COM
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