Portugal: uma semiperiferia reconfigurada

The present article resumes the analysis of the semiperipheral condition of the Portuguese economy initiated two and a half decades ago. In so doing it assumes the theoretical relevance and up-to-datedness of the concept of semiperiphery. It argues that the process of integration into the European U...

Full description

Saved in:
Bibliographic Details
Main Authors: Ana Cordeiro Santos, José Reis
Format: Article
Language:English
Published: Centro de Estudos Sociais da Universidade de Coimbra 2018-06-01
Series:e-cadernos ces
Subjects:
Online Access:https://journals.openedition.org/eces/3163
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The present article resumes the analysis of the semiperipheral condition of the Portuguese economy initiated two and a half decades ago. In so doing it assumes the theoretical relevance and up-to-datedness of the concept of semiperiphery. It argues that the process of integration into the European Union has redefined the semiperipheral condition of the Portuguese economy, intensifying its peripheral position within Europe. Despite the transformation it went through, the Portuguese economy continues to be shaped by a deep heterogeneity and by imbalances, which the intermediate nature of its economic, social and political structures helps explaining. The most significant imbalance today derives from the insertion of the Portuguese economy in international financial circuits, ensuring the desired demand of core countries’ surpluses through the purchase credit that core countries also provide the periphery with.
ISSN:1647-0737