As small events may have large long-run effects on business perspectives (Portugal, 1940s)

Research output: Contribution to journalArticle

Abstract

Literature on the Marshall Plan is quite abundant and presents competing views on its effects on the economic performance of national economies. This is not what prevails in Portugal, though, where scholarly work is scarce that deals with the decisive influence it had on firms and businesses. This paper on the Marshall Plan considers Portugal's hesitations based on strong fears about geopolitical effects. Although Salazar's government emphasized an alliance with Britain, a non-involvement attitude toward Europe, sympathy toward Spain, and a strong Atlantic vocation to preserve the colonies, the Marshall Plan was the beginning of reinforced ties to the USA and closer business ties with European partners, thanks to an increasing co-operation.
Original languageEnglish
Pages (from-to)17-31
JournalProblems & Perspectives In Management
Volume8
Issue number3
Publication statusPublished - 1 Jan 2010

Keywords

  • European Recovery Program
  • Marshall Plan funds
  • European Economic Integration

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