Spain growing, but needs to catch up with technology

The Economist:

Spain's economy would be reminiscent of America's if it were not for the country's prudent fiscal policy and anaemic productivity growth. [...] Within Europe, Spain is converging quickly. But in the global economy, others are catching up with it. The OECD urges Spain not to lose itself in a cul-de-sac of low-technology industries, hemmed in by cheaper, foreign rivals.