Abstract
A long-established recipient of FDI, Portugal has all the characteristics of a small open economy of recent industrialization. In 1960 Portugal became a member of EFTA and industrialization was finally made a policy objective, putting an end to several decades of restrictions to foreign and domestic investment. EFTA membership represented a radical change in the country’s geopolitical orientation. For the first time in its 850 years as an independent nation, Portugal was engaged in a process of integration in Europe. The collapse of economic relations with Africa after the independence of the colonies, in 1975, only consolidated this trend.
This research was partially financed by Programa Parxis XXI, Fundação para a Ciência e Tecnologia.
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© 2004 Peter J. Buckley
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Castro, F.B. (2004). A Survey-based Investigation of the Determinants of FDI in Portugal. In: The Challenge of International Business. Palgrave Macmillan, London. https://doi.org/10.1057/9780230508644_14
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DOI: https://doi.org/10.1057/9780230508644_14
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