ocr: Strengths Spain's labor force is well qualitied and relatively low labor costs are still an advantage, though less so than before. Improvements in transportation and communications will continue to attract foreign investment. Potential for domestic growth is Spain's major asset. Wealaesses The massive foreign penetration of the Spanish economy and absence of Spanish multinationals pose long-term problems. - Low investment in research and development; a rigid labor market (which trade unions are reluctant to reform); a concentration in declining industries; and low productivity - notably in agr ...
