Control and Regulation in the Portuguese Economy (1945-1973)

The economic policies implemented in Portugal during the period 1945-1973 were conditioned by the institutional framework created by the Estado Novo since the beginning of 1930s, by the economic environment of the Second World War, and by the evolution of the integration of the Portuguese economy in the international economic order of the period. Short-term macroeconomic policies were mild in comparison with other Western Europe experiences. Structural policies, in terms of growth, the means to achieve it and its performance, followed the Western European trend. In what concerns the schemes for welfare-state, their incidence was slow to spread.