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Portugal

Chapter

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

Keywords

Trade Liberalization Trade Flow Trade Orientation Portuguese Economy Portuguese Trade 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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© Centre of Research in European Development and International Trade (CREDIT) 1999

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