The Estado Novo Period After World War II: The Golden Age of Economic Growth

Luciano Amaral ()
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Luciano Amaral: Nova School of Business and Economics

Chapter Chapter 5 in The Modern Portuguese Economy in the Twentieth and Twenty-First Centuries, 2019, pp 171-224 from Palgrave Macmillan

Abstract: Abstract The period between the end of World War II and 1973 was the best ever in terms of growth of the Portuguese economy. Growth rates had never been higher and would never be in the future again, at least for such a long period. After more than one century of divergence in relation to the richer economies of the world, or at best non-divergence, the Portuguese economy converged in a consistent manner, with a particularly strong pace during the 1960s. This happened despite quick growth in most rich economies as well, as this corresponded to the period that has, since then, received the designation of “golden age of economic growth”.

Date: 2019
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DOI: 10.1007/978-3-030-24548-1_5

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