ABSTRACT
Global integration is in most cases the recovery scenario, where it is necessary to compete under the best possible conditions in the face of the “national” market crisis. In order to maintain the most profitable value generation spaces, the geopolitical scene keeps trying to “reimagine” itself to privilege – with state policy – the advance of certain actors over the most profitable economic areas and to favour the projection of any given country –and its companies – in the international economy sphere. The use of the political cultural economy framework of analysis has revealed how the structural pressures that Spain and other mainly southern European countries suffered conditioned the states’ intervention to deal with low volumes of investment and the slowdown of the economy. The oil crisis had consequences such as the critical level of debt in the semi-peripheral regions – especially Latin America – as well as serious consequences for the European and American banking systems.
