Friday, November 16, 2012

Economic Crisis Spur Spaniards to Prepare for a Different Future


It’s hard to avoid the headlines these days about the turmoil and unrest in Southern Europe, namely in Greece, Portugal and Spain. Truly, economic indicators in Spain are bleak.  Unemployment has been hovering around 25 percent since January 2012, and unemployment for residents under the age of 25 is estimated at over 50 percent. With echoes from the US presidential election, whereby the discourse focused on the “deplorable” unemployment rate of 8 percent, it’s hard to imagine a world in which one in four of your adult friends are without work.
With the burst of Spain’s own housing bubble in 2008, international factors like the imminent recessions in the U.S. and Eurozone only contributed to a rapid downward spiral that has essentially lasted until today.  Spanish banks, once noted for their trustworthy, conservative practices, loosed restrictions during the housing bubble to encourage more home-ownership; therefore a financial crisis accompanied a recession in 2008 (very similar to what we experienced here in the U.S.). The announcement of a European bail-out plan this past summer calmed some fears that this important European economy would fall further into crisis. Of course, austerity measures are part of the plan, and this threatens to slow the recovery with sharp reductions in government spending or “stimulus.” Some forecasts say that there won’t be any improvement in Spain until at least 2014.

Spain has been noted, and often criticized, for its very liberal immigration policies compared to its European neighbors. Typically a large recipient of mass-immigration, especially in the early 2000s from South American nations, Spain today is experiencing net emigration, with residents seeking opportunities and employment abroad.  According to estimates by the Spanish National Statistics Institute (INE), approximately 178,021 immigrants came to Spain in the first 6 months of 2012, and approximately 269,515 emigrants left the country, seeking opportunities abroad during that same period.  Foreign workers from Ecuador, Venezuela, Argentina, and Colombia are returning home to find more opportunities in their growing South American economies.

How will this affect student exchange from Spain?  One might think that a weakened economy might lead to families tightening discretionary spending and opting not to send their students abroad. However, Quest International is seeing noticeable signs that high school student exchange is following emigration patterns: that is, the number of students seeking exchange experiences is seemingly increasing!  According to one of our trusted partner agencies, Spanish residents are considering every and any opportunity to advance their education and employment prospects.  This means that learning and perfecting English language-abilities and immersing themselves in a new culture are overt goals of more and more Spanish residents. They see abroad experiences as the key to a successful future both for themselves and for Spain on a whole.
QuestInternational is currently developing a short-term academic program, whereby students will come during the academic year for programs that last 1 to 3 months.  The idea is that younger students can have an American experience without committing to studying for a full year or a semester overseas.  They can enjoy a flavor of life in the US, practice their English skills, and engage with an American family.  Initial responses from Spain are quite positive, and in fact, there are already organized groups of students ready to come to the US as soon as we give them the go ahead!

Quest International values our partnerships in Spain as well as our vibrant Spanish students that we receive yearly into our F1 program.  While we certainly empathize with the dire economic conditions that Spain faces today, we are encouraged and inspired to learn that Spanish residents are looking to the future and investing in their own education and cultural experiences. We agree that this will pave the way for better individual career opportunities and a better Spain on the whole. We are excited and honored to help develop affordable and enriching programs for both children and adults seeking experiences in the U.S.  Please contact us at info@questexchange.org if you would like to play a role in developing an exchange program for Spanish students in your community!

No comments:

Post a Comment