Portugal produces with great effort and little sophistication. The country faces significant challenges in terms of economic competitiveness, according to a recent study. The analysis indicates that the economic advances seen since the 1990s did not result from productivity gains.
The study suggests that Portuguese economic growth has been achieved mainly through increased work effort, and not through improvements in efficiency or sophistication of production processes. This characteristic raises concerns about the long-term sustainability of the Portuguese economy.
The research concludes that the development model followed by Portugal in recent decades presents structural limitations. The lack of productivity gains represents an obstacle to the country's competitive capacity in the international context.
