The Estado Novo Period: The 1930s and World War II

Luciano Amaral ()
Additional contact information
Luciano Amaral: Nova School of Business and Economics

Chapter Chapter 4 in The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, 2019, pp 119-170 from Palgrave Macmillan

Abstract: Abstract Political chronology is again relevant to understand the Portuguese economy from the 1930s onward. Not because the economy changed drastically its behavior, but because the political regime that was installed in the country after 1933, the Estado NovoEstado Novo, conceived the relationship between the Government and economic agents in a much different manner than the previous ones. The Estado NovoEstado Novo was the Portuguese version of the kind of authoritarian or fascist regimes that spread throughout Europe during the 1920s and 1930sCrisis of the 1920s and 1930s, and understood its role in what concerns the economy as based on high interventionism. During the period of its existence, the regime was able to put the economy under a vast set of administrative and bureaucratic mechanisms that limited significantly the freedom of economic agents. Although a lot has been said about this kind of interventionism, the truth is that much of it did not differ much from what regimes contemporary to the Estado NovoEstado Novo that retained a democratic form did as well. The main reason for this similarity was the difficulties of the world economy in the interwar period: all Western countries resorted to protectionismProtectionism in Portugal in the 1930s, economic nationalism, and Government intervention once they failed to return to the economic liberal order of the nineteenth centuryGovernment in Portugal creation of modern (nineteenth century) and once the 1930s crisis started. The Portuguese Estado NovoEstado Novo was one more of them.

Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-030-24548-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9783030245481

DOI: 10.1007/978-3-030-24548-1_4

Access Statistics for this chapter

More chapters in Palgrave Studies in Economic History from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().