This book offers insights into the behaviour of the Portuguese economy in relation to economic growth from the twentieth century to the present. How did the 1891-92 crisis and World Wars impact Portugal economically? How did the Portuguese economy behave during the 'Golden Age' of economic growth in postwar Europe? What have the effects of the European Monetary Union been? Amaral examines long-running trends in the development of the modern Portuguese economy in order to help us understand various growth phases of the modern period. This title is important reading for economic historians and economists researching economic growth, crises, stablisation and monetary unions.
Author(s): Luciano Amaral
Series: Palgrave Studies In Economic History
Publisher: Palgrave Macmillan
Year: 2019
Language: English
Pages: 361
Tags: Economic History, Modern Portuguese Economy
Contents......Page 6
List of Figures......Page 8
List of Tables......Page 13
1 Introduction......Page 16
References......Page 30
2 The 1891–1892 Crisis and Beyond......Page 32
1 First Changes (1820–1834)......Page 33
2 The Liberal Revolution......Page 35
3 A Project to Modernize the Country (1851–1890)......Page 42
4 Dealing with the Crisis: 1890 Onward......Page 54
5 Economic Growth and Change......Page 58
References......Page 71
3 World War I and the 1920s Financial Crisis......Page 79
1 The Course of Political Events: From the Late Nineteenth Century to the Outbreak of the War......Page 80
2 The War and Its Consequences (1914–1922)......Page 84
3 The Stabilization (1922–1930)......Page 92
4 The Empire......Page 101
5 Economic Growth and Change......Page 110
References......Page 125
4 The Estado Novo Period: The 1930s and World War II......Page 133
1 The Course of Political Events......Page 134
2 The Estado Novo and Economic Interventionism......Page 137
3 The Effects of World War II......Page 158
4 The Empire......Page 165
5 Economic Growth and Change......Page 171
References......Page 178
5 The Estado Novo Period After World War II: The Golden Age of Economic Growth......Page 185
1 The Course of Political Events......Page 186
2 Transition to Normalcy and Economic Growth......Page 188
3 The Empire......Page 212
4 Economic Growth and Change......Page 218
References......Page 231
6 The 1973 Crisis, the 1974 Revolution, and Their Effects on the Portuguese Economy......Page 239
1 The 1973 Crisis and the 1974 Revolution......Page 240
2 Turning the Revolution Around (1976–1979)......Page 251
3 International Payments Crises......Page 254
4 Economic Growth and Change......Page 268
References......Page 274
7 The European Period (1986–2017)......Page 279
1 European Misfit......Page 280
2 Institutional Convergence......Page 286
3 How to Integrate......Page 292
4 Consequences of Integration......Page 298
5 Economic Growth and Change......Page 304
References......Page 317
8 Conclusion: Some General Topics—Government, Openness and External Imbalance......Page 323
1 The Growth of Government......Page 324
2 Openness......Page 326
3 External Balance......Page 328
References......Page 332
Index......Page 334
