The Legacies of Revolution: Path-Dependence and Economic Performance in Portugal

This article examines how Portugal's revolutionary legacies have affected the country's economic performance in the years prior to the global financial crisis, from 1999 to 2007. The main argument is that the distinctiveness of the country's pathway from dictatorship to democracy, cou...

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Bibliographic Details
Published in:Portuguese studies 2018-01, Vol.34 (1), p.86-103
Main Author: Royo, Sebastián
Format: Article
Language:English
Subjects:
Economic crises
Economic transitions
Economics
European Union
Government reform
Gross domestic product
International economics
Legacies
Political revolutions
Productivity
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Summary:This article examines how Portugal's revolutionary legacies have affected the country's economic performance in the years prior to the global financial crisis, from 1999 to 2007. The main argument is that the distinctiveness of the country's pathway from dictatorship to democracy, coupled with other crucial features of its recent political past, helped to set the stage for the subsequent economic challenges that the country experienced following accession to European Monetary Union in 1999. KEYWORDS. Portugal, economic policy, legacies of revolution, Carnation Revolution.
ISSN:0267-5315
2222-4270
2222-4270
DOI:10.1353/port.2018.0020