Download African Liberation Reader: Documents of the National by Aquino De Braganca, Immanuel Maurice Wallerstein PDF

By Aquino De Braganca, Immanuel Maurice Wallerstein

Publication through De Braganca, Aquino, Wallerstein, Immanuel Maurice

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Extra resources for African Liberation Reader: Documents of the National Liberation Movements : The Anatomy of Colonialism

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This 'colonial mystique from the values of the past and the promises of the future' was probably far more an objective creation in the face of disunity and political crisis at home and the sense of insecurity generated by previous Anglo German plots to carve up the territories, followed by League of Nations proposals to control finances and hence also the colonies, than a reflection of average Portuguese sentiment, but there can be no doubt as to its success. The idea of the Lusitanian community centred on Lisbon soon established itself in the international arena and made its influence felt on all subsequent colonial legislation.

Hence Decree Law 47296 of 31 October 1966 which authorised the Minister of Finance to contract internal and external loans to finance the development plans. The nature of the Portuguese governing elite itself and its relations with international capital helps to explain the speed with which the 1961 change of policy was able to take effect. The ownership of both land and industry in Portugal is concentrated in the hands of a few families who, protected by the Roman Catholic Church and the army, have been allowed free reign over the economy.

This surplus for Portugal is an important contribution to its own trade position as it has a chronically unfavourable balance with the rest of the world. Despite this, the fact that there is always a balance of payments surplus is due partly to invisible revenue from tourism and migrants' remittances but also to the surplus balances of the territories. ), more than half. These are derived mainly from mineral exports and from the earnings of the transit trade. The plans for complete integration of the overseas territories envisaged the establishment by 1972 of an area of free trade between Portugal and the overseas territories, and the free movement of capital and persons.

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