Portugal and Spain in the EU: paths of economic divergence (2000-2007)

This paper examines the integration experiences of Portugal and Spain in the European Union in order to study how it has affected their economic structures and economic performance. It analyzes the relationship between regional integration, economic growth, and economic reforms, draws some lessons b...

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Bibliographic Details
Published in:Análise social 2010-01, Vol.45 (195), p.209-254
Main Author: Royo, Sebastián
Format: Article
Language:English
Subjects:
Area studies
Divergence
Economic crises
Economic Development
Economic performance
Economic policy
Economic reform
Economics
Europe
European integration
European studies
European Union
Federal budget deficit
Financial economics
Financial investments
Gross domestic product
International economics
Portugal
Reform
Sharing economy
Social Integration
SOCIOLOGY
Spain
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Summary:This paper examines the integration experiences of Portugal and Spain in the European Union in order to study how it has affected their economic structures and economic performance. It analyzes the relationship between regional integration, economic growth, and economic reforms, draws some lessons based on their EU integration experience, and looks at the impact of European Monetary Union (EMU) integration in the Portuguese and Spanish economies. While the overall benefits of EU/EMU membership are undeniable in both countries, their economic performance diverged starting in 2000. In particular, the paper will examine the reasons for this divergence during the 2000-2007 period. The examination of these cases will show that the process of economic reforms has to be a domestic process led by domestic actors willing to carry them out. Este artigo analisa as experiências de integração de Portugal e de Espanha na União Europeia, estudando as suas consequências ao nível das estruturas e do desempenho económico dos dois países. Examina a relação entre a integração regional, o crescimento económico e as reformas económicas, retira conclusões baseadas ñas suas experiências de integração e observa o impacto da união monetária europeia (UME) sobre as economías portuguesa e espanhola. Apesar de os beneficios gérais da integração serem inegáveis para ambos os países, os seus desempenhos económicos revelam divergências desde o ano 2000. Este artigo discute, em particular, as causas desta divergência durante o período de 2000-2007 e procura mostrar que as reformas económicas devem ser empreendidas a um nível nacional por actores empenhados na sua prossecução.
ISSN:0003-2573
2182-2999