All countries have had defining moments which have brought about important transformations in their economies and societies. These turning points, which may be triggered by wars, new technologies and markets, or crises, require new policies and reforms to help countries adapt to the fresh...

Despite not being an economic historian, Jorge Braga de Macedo has delved into economic history, with very favorable results. This is illustrated in the current chapter, which analyzes Braga de Macedo’s contribution to the understanding of the Portuguese economy’s transition from...

This chapter provides some brief, informal notes about Portugal’s modern economic history since the 1974 Revolution, as it looks to an outsider observer. Not to be too coy about it, Portugal has done better than many feared but not quite as well as many hoped. There is, however, an asymmetry...