The key challenges that affect Catalonia
Catalonia is in a crucial encroachment, where five fundamental elements define both its present and its future. Surprisingly, these crucial aspects are often ignored or poorly managed by the country’s political, social and economic actors.
Determining factors for the Catalan economy
The factors that need to be taken into account are: the total productivity of the factors (PTF), an educational system that is far from effective, the worrying decrease in the birth rate, immigration without proper control, and a moral crisis that affects social cohesion.
Total Factors Productivity (PTF)
The PTF is a key indicator that reveals the effectiveness of working and capital to produce goods and services. Its importance lies in the ability to foster sustainable economic growth that does not depend solely on the increase in resources.
IMPORT OF THE PTF
A high PTF implies that an economy can generate more value without requireing a proportional increase in its resources. This is essential for both national competitiveness and business success.
Evolution of the PTF in Catalonia
Recently, the PTF in Catalonia has undergone a negative trend. Data from the Statistical Institute of Catalonia (Idescat) indicate that in 2023 the PTF had a negative contribution to GDP growth, which highlights the dependence on growth in the accumulation of resources instead of improving efficiency.
Compare with Spain and Europe
Catalonia is not the only one who faces these challenges. Spain has generally seen a decrease in its PTF, and Europe struggles to stay competitive in front of other powers like the USA, which show constant growth. This situation reveals a deficit in investment in innovation and research.
A look at the European Crisi
In 2024 it has been a difficult year for Europe, with minimal economic growth and political crises that have affected countries such as Germany and France. This has led to a mismatch in financial markets and a perception of economic weakness.
The path to the improvement of the PTF
To deal with the current situation, it is essential to implement measures that improve the PTF. This includes strengthening education, investing more in research and developing more efficient institutions. Policies must address these aspects comprehensively, which is currently not reflected in political agendas.
Without a clear approach to the PTF, it is unlikely that Catalonia will be able to solve its economic and social problems. The lack of attention to this essential indicator can lead to an uncertain future for the country.
