ABSTRACT
The Stabilisation Plan of 1959 marked the beginnings of Spain's belated transformation from a rural-agrarian to an urban-industrial society. Her economic growth rate during the 1960s was the third highest in the world after Brazil and Japan; between 1960 and 1972the years of the Spanish 'economic miracle' -gross industrial output increased thirteen times, a rate surpassed only by Japan among the OECD nations. By 1973 Spain had become the fifth industrial power in Europe and the twelfth country in the world in the value of her gross national product.
