Publicação
Protection, foreign trade and economic growth in Portugal 1840s-1980
| Resumo: | This paper is a summary of some recent contributions to the study of Portuguese international economic relations. It aims to present a brief analysis of the relation between protection, foreign trade and economic growth from the mid-nineteenth century to the 1980s. The period studied corresponds to the period for which official data about Portuguese foreign trade have been published. In the first part, we analyse the period before the Second World War. During this period the Portuguese economy remained rather closed to foreign trade and its growth was intermittent. The second part focuses on the post-Second World War years. These years witnessed a quantitative increase in Portuguese foreign economic relations and an acceleration of Portuguese economic growth, in spite of some predominance of the import substitution strategy over the export-led strategy. In both periods, protection had profound consequences for the pattern of specialization of the Portuguese economy, delaying modernization and causing significant inefficiencies. |
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| Autores principais: | Fontoura, Paula |
| Outros Autores: | Valério, Nuno |
| Assunto: | Economic History International Trade Economic Growth Portugal |
| Ano: | 1994 |
| País: | Portugal |
| Tipo de documento: | documento de conferência |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório da Universidade de Lisboa |
| Resumo: | This paper is a summary of some recent contributions to the study of Portuguese international economic relations. It aims to present a brief analysis of the relation between protection, foreign trade and economic growth from the mid-nineteenth century to the 1980s. The period studied corresponds to the period for which official data about Portuguese foreign trade have been published. In the first part, we analyse the period before the Second World War. During this period the Portuguese economy remained rather closed to foreign trade and its growth was intermittent. The second part focuses on the post-Second World War years. These years witnessed a quantitative increase in Portuguese foreign economic relations and an acceleration of Portuguese economic growth, in spite of some predominance of the import substitution strategy over the export-led strategy. In both periods, protection had profound consequences for the pattern of specialization of the Portuguese economy, delaying modernization and causing significant inefficiencies. |
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