Abstract
The main purpose of this chapter is to analyse intra-industry trade and adjustment in the Portuguese economy.1 Portugal has traditionally been quite open to international trade — having been referred to already by Ricardo in his famous example of the theory of comparative advantage. It is still a moot point among economic historians, however, whether free trade was a priority of Portuguese policy in the postwar years. Salazar’s political ideology would have favoured a more inward-looking approach, but the realization of its external economic dependency as a small nation led Portugal to follow the main integration movements. Portugal was a founder member of the OEEC and EFTA, joined the GATT in 1962, signed wide-ranging free-trade agreements with the EEC in 1972 and 1976 and joined the Community in 1986.2
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© 1999 Centre of Research in European Development and International Trade (CREDIT)
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Porto, M., Costa, F. (1999). Portugal. In: Brülhart, M., Hine, R.C. (eds) Intra-Industry Trade and Adjustment. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27173-3_13
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DOI: https://doi.org/10.1007/978-1-349-27173-3_13
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