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The economy of Portugal and the European Union: From high growth prospects to the debt crisis

机译:葡萄牙和欧盟的经济:从高增长前景到债务危机

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This paper documents some of the recent economic history of Portugal, since its accession to the EEC, to the adoption of the Euro and more recently to the financial and economic crisis. In the first part of the paper we show the economic performance of Portugal during the last 25 years till now, from the fast growth of the late 1980s and early 1990s to the current recession. We point out some of the reasons for this trajectory - slow productivity growth, disconnection between productivity and wages, continued external and public deficits - and choose three areas that must be improved in order to reverse the current downward spiral - justice needs to be more effective and faster, education needs to improve its quality and distribution across the population, and the public administration must become more efficient.
机译:本文记录了葡萄牙自加入欧共体以来最近的一些经济历史,介绍了欧元的采用以及最近发生的金融和经济危机。在本文的第一部分中,我们显示了从1980年代末期和1990年代初的快速增长到当前的衰退,葡萄牙在过去25年中的经济表现。我们指出了这种趋势的一些原因-生产率增长缓慢,生产率与工资之间的脱节,持续的外部和公共赤字-并选择三个必须改进的领域以扭转当前的下降趋势-正义需要更加有效而且,教育需要更快地提高其质量和在整个人口中的分布,而公共行政必须提高效率。

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