>>17479On an economic level, the solidifying of a Single Market for 1993, imposed the modernization of the economies of member states. Given Portugal's economy showed weak signs of development, the European Community transferred to Portugal large sums of financial aid and technical support, according to multiple programs of economic and financial relief, in order to lessen the economic gap between Portugal and other member states.
- PEDAP - Programa Específico do Desenvolvimento da Agricultura Portuguesa - financed the substitution of an archaic farming sector by a modern more efficient system.
- PEDIP - Programa Estratégico de Dinamização e Modernização da Indústria Portuguesa - the program behind the publication of a new legislative framework on measures to reduce and eliminte polution sources, associated to an inevitable program of economic incentives.
- PODAEEF - Programa de Desenvolvimento e Apoio a Estruturas de Emprego e Formação - For professional and technical school.
- PRODEP - Programa de Desenvolvimento Educativo para Portugal - For the modernization of the education system
These programs, alongside the devualuing of the dollar and oil prices, made it so that the Portuguese economy would grow at higher rates than the European average. It's effects were economic prosperity - increased foreign investment, lowered inflation, an increase in exports and a reduction in sovereign debt.
Socially, the diminished importance of the agricultural sector in exchanged for a fortified service sector is intensified. There is an increase in small and medium enterprises for services, notably telecommunications, informática e grandes superfícies comerciais. (tech and malls). Create new job alternatives with good wages, while the governments positive economic status allows it to build on social aid networks and increase available jobs in the public sector.
Downsides
- Struggling in a highly competitive market of extreme competitions (tried to translate it as best I could, it's straight up what they wrote)
- The freedom and sovereignty of the national government in budget questions is conditioned by the political options of the European Union
- Opening of borders facilitated the moving of business and investment to more competitive markets
- Accentuated regional differences
- It became harder to monitor for illegal immigration and new challenges arouse in fighting in organized crime
- The connection of the national economy to global markets augmented the negative effects of the international financial condition in the entry to the third millennium
In pursuing the European option, there remained a strong ideological current in Portugal, which for historical reasons, defended the privileged relationship with the Atlantic, a term that would include lusophone countries. After all, the Atlantic vector was a permanent mark of the national characteristics of foreign relations. Hence why, despite adopting a European vision, the historical Atlantic view was not lost in foreign affairs matters. The initial years after the declarations of independence (of Portuguese Africa) did not facilitate the establishment of of open and honest relationships with the former colonies. The ideological alignment of these states with the socialist bloc and the political instability that characterized the first years of independence, allowed some to believe that the historical relationships with African communities was over.
However, with the collapse of the Soviet Union and the end of the cold war and its repercussions in the political evolution of Austral Africa precipitated an important inversion of political paths by the Portuguese former colonies: violent civil wars ended and the regimes adopted western type democracies
lol. As such, the conditions required for Portugal to reinforce its relations with the new African lusophone states were gathered - in a manner that did not compromise the European option.