How successful is Lisbon and Tagus Valley former peripheral european region?

• Autor(a) principal: Vale, Mário
• Data de Publicação: 2000
• Tipo de documento: Livro
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10451/61571
• topic: Portuguese regional economies; EU integration; Portuguese economy

The recent transformations in the Portuguese regional economies are undoubtedly shaped by the EU integration. During the early 1980's, Portuguese economy suffered a strong crisis, which gave place to high unemployment rates and a pick on inflation rate. In 1986, Portugal joined the EU and benefited from high amounts of EU financial aids as all Portuguese regions had Objective 1 status. At the same time, Portugal became a feasible location for TNC subsidiaries, because of low labour costs, grant and other types of incentives and political stability. Since then, Portuguese economy grew faster than EU economy, except during two years in the beginning of the 1990's, inflation is under control, unemployment is below EU average, consumption increased and finally Portugal became a member of the EMU.