Almost 500 years since Juan Sebastián Elcano completed the first circumnavigation of the world and a vast empire subsequently came into being, Spain has re-built a substantial but very different global presence.
http://www.realinstitutoelcano.org/wps/wcm/connect/57d01e71-349f-413d-8c6e-cd0f3863d534/WP8-2017-Chislett-Global-Spain-economic-military-soft-power.pdf?MOD=AJPERES&cacheid=1498814484125