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Economic Stabilization and Growth in Portugal

Hans O. Schmitt




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 | #4019991 in eBooks |  1981-04-15 |  1981-04-15 | File type: PDF

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This paper reviews economic stabilization and growth in Portugal during the 1970s. Following a decade of rapid growth with external equilibrium, the Portuguese economy in the early 1970s suffered a series of major shocks. The paper highlights that the problem of managing economic growth with a balance-of-payments constraint was new to Portugal. The paper reviews the issues that had to be resolved to develop an effective program. The economic outturn is also critically ex...

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