The financial and economic crisis has affected regional models of economic development in Spain in radically different ways, and put a great deal of emphasis on the need to harness investment in ICT, reinvent its economic model and regain a competitive edge in the global economy.
In response, LSE Enterprise, with the Canada Blanch Foundation, held its first annual Valencia Masterclass in February 2010. The three-day course at the National Finance Congress in Valencia was run by Luis Garicano, Julius Sen and Carsten Sorensen of LSE and focused on innovation and growth. Classes covered business development strategies in the macroeconomic context; technology, innovation and strategy; and productivity and innovation in Spain.
The next five-day Masterclass took place in May 2011 in response to demand for an extended course on the financial crisis. Twenty-five experienced public and private sector participants from economic and financial organisations in Valencia attended the course, which explored the past, present and future impacts of the crisis on Spain. More