Coming home. (cooperation with other European countries) (A Survey of Portugal: Another New World)

From: The Economist (US) | Date: May 28, 1988| Author: | Copyright information

THE main benefit for Portugal in joining Europe is not the structural funds, or access to a market of 320m consumers, but the sheer impetus to make long overdue changes at home," says a foreign diplomat. Being competitively communautaire will put the squeeze mainly on agriculture, with spillover effects into other parts of the economy. Farms will shed jobs which industry (probably job-shedding itself) and services like tourism will have to pick up. To expand, businesses need not just better management and marketing, but more and cheaper capital. The financial system must adapt, ...

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