Contributing to the renewed interest in economic history in the role played by peripheral or smaller countries, this book provides a detailed analysis of Portuguese public finances during the Estado Novo regime (1933-1974) - a period marked by dictatorship, industrialization, internationalization, and war. In this book, relevant international comparisons for key macroeconomic indicators are drawn to contextualize the Portuguese case within global settings. Additionally, employing econometric techniques, the sustainability of public finances is assessed across a range of countries, enabling valuable insights for the Portuguese case within a comparative framework. Within Portugal, as the book shows, this period, largely under the dictatorship of Salazar, was characterized by the very first attempt to plan economically in the long term, with the Economic Reconstitution Law (1935-1950). Following the Second World War, and Portugal's so-called collaborative neutrality, the Portuguese economy experienced a process of industrialization and internationalization, but this culminated in the Colonial War (1961-1974) with blood and tears. The book explores the sources of revenue and expenditure for the Portuguese State during these periods of transformation and crisis and the impact on budget balance and public debt. The book will be of interest to all readers in economic and financial history.
Rezensionen / Stimmen
"With this book, Ricardo Ferraz makes a significant contribution to the fiscal and institutional history of Portugal. It reminds us that public finances are never neutral-they are shaped by ideologies, structured by political constraints, and carry consequences that transcend balance sheets. In tracing the fiscal pathways of a European dictatorship, this book compels us to reflect on the political uses of budgetary discipline and the long shadow that fiscal legacies cast on democratic transitions. I congratulate my dear friend and colleague, Ricardo, on another excellent piece of research and work. I encourage him to continue with his fine work, providing insightful analyses of Portuguese economic history"
Joaquim Miranda Sarmento, Associate Professor (with Agregacao), ISEG, Lisbon School of Economics and Management, Universidade de Lisbo, Portugal.
"The present work by Ricardo Ferraz (...) brings to the attention of the international economic historians community the developments of a very interesting case. Not one that strongly influenced the evolution of the world, because of the size of the country. But one that achieved monetary and financial stability in the context of the Great Depression and the Second World War (and later of the Bretton Woods system); and one that achieved one of the most successful take-off processes during the post-Second World War golden age of economic growth. (...) Ricardo Ferraz's book is certainly the ideal starting point to understand the intricate aspects of managing the public finances in such a process".
Nuno Valerio, Full Professor ISEG, Lisbon School of Economics and Management, Universidade de Lisboa, Portugal.
Reihe
Sprache
Verlagsort
Verlagsgruppe
Zielgruppe
Für höhere Schule und Studium
Postgraduate
Illustrationen
24 s/w Abbildungen, 24 s/w Zeichnungen, 36 s/w Tabellen
36 Tables, black and white; 24 Line drawings, black and white; 24 Illustrations, black and white
Maße
Höhe: 240 mm
Breite: 161 mm
Dicke: 16 mm
Gewicht
ISBN-13
978-1-032-84286-8 (9781032842868)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Klassifikation
Ricardo Ferraz is a researcher at ISEG Research and RCM2+, and also a Visiting Assistant Professor at Lisbon School of Economics & Management (ISEG, University of Lisbon) and Lusofona University.
Autor*in
Gabinete de Historia Economica e Social
About the author
Acknowledegments
Foreword
1. Introduction
2. Framework
3. Public finances during the Estado Novo: A detailed analysis
4. Public finances during the Estado Novo: A brief illustrative and comparative analysis
5. The sustainability of Portugal's fiscal policy during the Estado Novo: An applied and comparative approach
6. Conclusion
References
Afterword
Appendixes
Index
