ABSTRACT
Portugal is becoming a member of the European Economic Communities in a turbulent economic and political environment which contrasts sharply with the one prevailing from the treaties of Rome and Stockholm to the first enlargement of the European Economic Community (EEC). This chapter presents some comparisons between the EEC and the three candidates, together with comparisons of the candidates with each other. It analyzes the main channels of economic interdependence between Portugal and the EEC. The chapter describes the structure of foreign trade, emphasizing the growth of exports of manufactures in the sixties and foreign direct investment and its link with the export boom. It discusses emigration and the effects of migrants remittances on growth and the balance of payments. The chapter looks at the effects of structural interdependence on the prospects for “political integration”. The participation of Portugal in the international economic institutions that emerged in the post-war period was a cautious one.
