Portugal’s 1974 Carnation Revolution and nationalizations: the effects on the Lisbon Stock Exchange

Costa, José Rodrigues da; Mata, Maria Eugénia

doi:10.1515/zug-2011-0103

Cited by 2 publications

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“…Numerous factors contributed to colonial net negative positions in the balance of payments with metropolitan Portugal, increasing delays in the settling of payments between the colonies and Portugal, especially Angola and Mozambique (Da Costa & Mata 2011). In order to support free trade and competition in the entire Portuguese Economic Space, tariffs had been abolished for trade between all Portuguese overseas territories, with the exception of production from the two archipelagoes, Cabo Verde and São Tomé and Príncipe.…”

Section: The Economic Space In Crisismentioning

confidence: 99%

“…In Lisbon, the military revolution of April 25 put an end to the old regime. The new leaders immediately announced decolonization, which marked an unprecedented discontinuity in the long history of Portuguese colonial rule, which had been in effect in parts of South America, Africa, and Asia since the fifteenth century (Da Costa & Mata 2011).…”

Section: The Economic Space In Crisismentioning

confidence: 99%

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Reorganizing the Escudo Zone: Portuguese Monetary Policy and Empire-Union in Africa in the 1960s

Mata¹

2023

Afr. Stud. Rev.

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In the 1960s, the escudo zone, comprising Portugal and its African colonies, countered the trend of European decolonization. The Portuguese state reorganized monetary relations in the empire-state with the help of a new legal framework. The aim of this imperial economic reorganization was to establish a balance of payment relations which was expected to facilitate Portugal’s economic modernization and the country’s association with liberalizing economies in Western Europe that were experiencing rapid economic growth. However, the escudo zone soon became dysfunctional. Mata explains why the designs of economy building in a Portuguese empire-state could not be realized, given the trend toward independent political and economic development in Lusophone Africa.

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Section: The Economic Space In Crisismentioning

confidence: 99%

Section: The Economic Space In Crisismentioning

confidence: 99%