-
121 Economy
Portugal's economy, under the influence of the European Economic Community (EEC), and later with the assistance of the European Union (EU), grew rapidly in 1985-86; through 1992, the average annual growth was 4-5 percent. While such growth rates did not last into the late 1990s, portions of Portugal's society achieved unprecedented prosperity, although poverty remained entrenched. It is important, however, to place this current growth, which includes some not altogether desirable developments, in historical perspective. On at least three occasions in this century, Portugal's economy has experienced severe dislocation and instability: during the turbulent First Republic (1911-25); during the Estado Novo, when the world Depression came into play (1930-39); and during the aftermath of the Revolution of 25 April, 1974. At other periods, and even during the Estado Novo, there were eras of relatively steady growth and development, despite the fact that Portugal's weak economy lagged behind industrialized Western Europe's economies, perhaps more than Prime Minister Antônio de Oliveira Salazar wished to admit to the public or to foreigners.For a number of reasons, Portugal's backward economy underwent considerable growth and development following the beginning of the colonial wars in Africa in early 1961. Recent research findings suggest that, contrary to the "stagnation thesis" that states that the Estado Novo economy during the last 14 years of its existence experienced little or no growth, there were important changes, policy shifts, structural evolution, and impressive growth rates. In fact, the average annual gross domestic product (GDP) growth rate (1961-74) was about 7 percent. The war in Africa was one significant factor in the post-1961 economic changes. The new costs of finance and spending on the military and police actions in the African and Asian empires in 1961 and thereafter forced changes in economic policy.Starting in 1963-64, the relatively closed economy was opened up to foreign investment, and Lisbon began to use deficit financing and more borrowing at home and abroad. Increased foreign investment, residence, and technical and military assistance also had effects on economic growth and development. Salazar's government moved toward greater trade and integration with various international bodies by signing agreements with the European Free Trade Association and several international finance groups. New multinational corporations began to operate in the country, along with foreign-based banks. Meanwhile, foreign tourism increased massively from the early 1960s on, and the tourism industry experienced unprecedented expansion. By 1973-74, Portugal received more than 8 million tourists annually for the first time.Under Prime Minister Marcello Caetano, other important economic changes occurred. High annual economic growth rates continued until the world energy crisis inflation and a recession hit Portugal in 1973. Caetano's system, through new development plans, modernized aspects of the agricultural, industrial, and service sectors and linked reform in education with plans for social change. It also introduced cadres of forward-looking technocrats at various levels. The general motto of Caetano's version of the Estado Novo was "Evolution with Continuity," but he was unable to solve the key problems, which were more political and social than economic. As the boom period went "bust" in 1973-74, and growth slowed greatly, it became clear that Caetano and his governing circle had no way out of the African wars and could find no easy compromise solution to the need to democratize Portugal's restive society. The economic background of the Revolution of 25 April 1974 was a severe energy shortage caused by the world energy crisis and Arab oil boycott, as well as high general inflation, increasing debts from the African wars, and a weakening currency. While the regime prescribed greater Portuguese investment in Africa, in fact Portuguese businesses were increasingly investing outside of the escudo area in Western Europe and the United States.During the two years of political and social turmoil following the Revolution of 25 April 1974, the economy weakened. Production, income, reserves, and annual growth fell drastically during 1974-76. Amidst labor-management conflict, there was a burst of strikes, and income and productivity plummeted. Ironically, one factor that cushioned the economic impact of the revolution was the significant gold reserve supply that the Estado Novo had accumulated, principally during Salazar's years. Another factor was emigration from Portugal and the former colonies in Africa, which to a degree reduced pressures for employment. The sudden infusion of more than 600,000 refugees from Africa did increase the unemployment rate, which in 1975 was 10-15 percent. But, by 1990, the unemployment rate was down to about 5-6 percent.After 1985, Portugal's economy experienced high growth rates again, which averaged 4-5 percent through 1992. Substantial economic assistance from the EEC and individual countries such as the United States, as well as the political stability and administrative continuity that derived from majority Social Democratic Party (PSD) governments starting in mid-1987, supported new growth and development in the EEC's second poorest country. With rapid infrastruc-tural change and some unregulated development, Portugal's leaders harbored a justifiable concern that a fragile environment and ecology were under new, unacceptable pressures. Among other improvements in the standard of living since 1974 was an increase in per capita income. By 1991, the average minimum monthly wage was about 40,000 escudos, and per capita income was about $5,000 per annum. By the end of the 20th century, despite continuing poverty at several levels in Portugal, Portugal's economy had made significant progress. In the space of 15 years, Portugal had halved the large gap in living standards between itself and the remainder of the EU. For example, when Portugal joined the EU in 1986, its GDP, in terms of purchasing power-parity, was only 53 percent of the EU average. By 2000, Portugal's GDP had reached 75 percent of the EU average, a considerable achievement. Whether Portugal could narrow this gap even further in a reasonable amount of time remained a sensitive question in Lisbon. Besides structural poverty and the fact that, in 2006, the EU largesse in structural funds (loans and grants) virtually ceased, a major challenge for Portugal's economy will be to reduce the size of the public sector (about 50 percent of GDP is in the central government) to increase productivity, attract outside investment, and diversify the economy. For Portugal's economic planners, the 21st century promises to be challenging. -
122 low
A n1 Meteorol dépression f ;2 fig the stock market closed at a record low le marché boursier a été clôturé à son niveau le plus bas ; the economy has hit a low l'économie est dans le creux de la vague ; his popularity has hit a new low sa popularité a atteint son niveau le plus bas ; morale is at an all time low le moral est au plus bas ; the lyrics hit a new low in banality les paroles (de la chanson) atteignent des sommets dans la banalité.B adj1 ( close to the ground) [branch, building, chair, wall, cloud, ground] bas/basse ; the sun is low in the sky le soleil est bas dans le ciel ; there will be flooding on low ground il y aura des inondations à basse altitude ;2 ( nearly depleted) [reservoir, level] bas/basse ; [battery] faible ; our stocks are rather low nos stocks sont plutôt bas ; the fire was getting low le feu était bas ; we're low on skilled staff nous manquons de personnel qualifié ; I'm getting low on petrol je n'ai plus beaucoup d'essence ; these products are low in sugar/fat ces produits contiennent peu de sucre/matière grasse ; the patient is very low le malade est au plus mal or bas ;3 ( minimal) [price, wage] bas/basse ; [capacity, speed] réduit ; [income, number, rate] faible ; [pressure, temperature] bas/basse ; leave the soup on a low heat laissez mijoter la soupe à feu doux ; the temperature was in the low twenties il faisait dans les vingt degrés ;6 ( deep) [note, tone, voice] bas/basse ; in a low voice tout bas ; the sound is too low Radio, TV le son est trop bas ;7 ( disapproved of) ( vulgar) [conversation, humour] peu relevé ; ( base) [action, behaviour] ignoble ; that was a really low thing to do c'était vraiment un sale coup ○ ;C adv1 ( near the ground) [aim, fly, shoot] bas ; [bend, crouch] très bas ; the plane flew low over the desert l'avion survolait le désert à basse altitude ; I wouldn't sink ou stoop so low as to ask him for money fig je ne m'abaisserais pas à lui demander de l'argent ;2 ( near the bottom) it is very low (down) on the list lit c'est tout à fait au bas de la liste ; fig c'est tout à fait secondaire ; look lower down the page regarde plus bas sur la page ;3 ( at a reduced level) [buy] à bas prix ; [speak] bas ; to turn sth down low baisser [heating, light, radio] ; stocks are running low les stocks sont en baisse ; I rate him pretty low je ne le tiens pas en grande estime ;4 ( at a deep pitch) [sing] bas.D vi [cow] meugler.to be the lowest of the low être le dernier des derniers ; to be laid low by être alité par [illness]. -
123 fair
fair [feə(r)]juste ⇒ 1 (a) équitable ⇒ 1 (a) correct ⇒ 1 (a) blond ⇒ 1 (b) beau ⇒ 1 (c), 1 (d) passable ⇒ 1 (e) considérable ⇒ 1 (f) véritable ⇒ 1 (g) équitablement ⇒ 2 (a) foire ⇒ 3(a) (just → person, decision) juste, équitable; (→ wage) équitable; (→ contest, match, player) loyal, correct; (→ deal, exchange) équitable, honnête; (→ price) correct, convenable; (→ criticism, profit) justifié, mérité;∎ it's not fair ce n'est pas juste;∎ it's not fair to the others ce n'est pas juste ou honnête vis-à-vis des autres;∎ it isn't fair to expect children to… ce n'est pas raisonnable de demander à des enfants de…;∎ that's a fair point c'est une remarque pertinente;∎ she's strict but fair elle est sévère mais juste;∎ to be fair (to them), they did contribute their time rendons-leur cette justice, ils ont donné de leur temps;∎ it's only fair to let him speak ce n'est que justice de le laisser parler;∎ it is only fair to say that… il faut dire que…;∎ as is only fair ce n'est que justice, comme de juste;∎ I gave him fair warning je l'ai prévenu à temps;∎ to get a fair trial être jugé de façon équitable;∎ a fair sample un échantillon représentatif;∎ he got his fair share of the property il a eu tous les biens qui lui revenaient (de droit);∎ she's had more than her fair share of problems elle a largement eu sa part de problèmes;∎ British to have a fair crack of the whip avoir toutes ses chances;∎ British to give sb a fair crack of the whip donner toutes ses chances à qn;∎ familiar the boss gave her a fair shake (of the dice) or a fair deal or American & Australian a fair go le patron l'a traitée équitablement ou a été fair-play avec elle□ ;∎ Australian familiar fair go! donne-moi/nous/ etc une chance!□ ;∎ it's all fair and above board, it's all fair and square tout est régulier ou correct;∎ proverb all's fair in love and war = en amour comme à la guerre, tous les coups sont permis;∎ proverb fair exchange is no robbery = tout le monde est content;∎ by fair means or foul par tous les moyens, d'une manière ou d'une autre;∎ fair enough! très bien!, d'accord!;∎ that's fair enough but don't you think that… très bien ou d'accord, mais est-ce que vous ne pensez pas que…;∎ fair's fair, it's her turn now il faut être juste, c'est son tour maintenant∎ he's very fair il est très blond∎ his fair lady sa belle;∎ humorous written in her own fair hand écrit de sa main blanche∎ the wind's set fair for France le temps est au beau fixe sur la France(e) (adequate) passable, assez bon;∎ in fair condition en assez bon état;∎ you have a fair chance of winning vous avez des chances de gagner;∎ a fair standard un assez bon niveau;∎ fair to middling passable, pas mal;∎ how are you? - fair to middling comment allez-vous? - comme çi comme ça;∎ in a fair way to recovering en bonne voie de rétablissement(f) (substantial) considérable;∎ he makes a fair amount of money il gagne pas mal d'argent;∎ she reads a fair amount elle lit pas mal;∎ I have a fair idea (of) why je crois bien savoir pourquoi;∎ a fair number un nombre respectable;∎ at a fair pace à une bonne allure∎ I had a fair old time getting here j'ai eu pas mal de difficultés à arriver jusqu'ici2 adverb∎ to play fair jouer franc jeu;∎ he told us fair and square il nous l'a dit sans détours ou carrément;∎ you can't say fairer than that il n'y a pas plus équitable∎ you fair scared me to death tu m'as vraiment fait une peur atroce∎ the play bids fair to being a success cette pièce a de grandes chances d'être ou sera probablement un succès3 noun∎ the Book Fair la Foire du livrefair competition codes règles fpl de concurrence loyale (établies aux États-Unis en 1933 pendant le New Deal entre les patrons et les salariés);British fair copy copie f au propre ou au net;∎ I made a fair copy of the report j'ai recopié le rapport au propre;fair game proie f idéale;∎ figurative after such behaviour he was fair game for an attack après s'être comporté de cette façon, il méritait bien qu'on s'en prenne à lui;1 nountricoté avec des motifs de couleurs vives;Finance fair market value valeur f vénale;fair play fair-play m inv, officially recommended term franc-jeu m;∎ familiar fair play to you! chapeau!;British fair rent = loyer fixé après un examen officiel du logement par l'administration;the fair sex le beau sexe;Commerce fair trade commerce m équitable -
124 raise
raise [reɪz]augmentation ⇒ 1 (a) lever ⇒ 2 (a), 2 (e), 2 (f), 2 (n) soulever ⇒ 2 (a), 2 (k) remonter ⇒ 2 (a), 2 (c) relever ⇒ 2 (a), 2 (b) augmenter ⇒ 2 (b) élever ⇒ 2 (c), 2 (d), 2 (i), 2 (j), 2 (l), 2 (r)1 noun∎ to get a raise être augmenté, avoir une augmentation(a) (lift, move upwards → gen) lever; (→ burden, lid) soulever; (→ veil) relever; (→ weight) lever, soulever; (→ blind) remonter; (→ flag) hisser; (→ sunken ship) renflouer;∎ she didn't raise her eyes from her book elle n'a pas levé les yeux de son livre;∎ he tried to raise himself from the sofa il essaya de se lever du canapé;∎ she raised herself to her full height elle se dressa de toute sa hauteur;∎ to raise a patient to a sitting position soulever un malade pour l'asseoir;∎ to raise one's glass (to sb) lever son verre (à la santé de qn);∎ to raise one's glass to one's lips porter son verre à ses lèvres;∎ to raise one's fist to sb menacer qn du poing;∎ to raise sb's hackles hérisser qn;∎ to raise one's hand to sb lever la main sur qn;∎ to raise one's hat to sb soulever son chapeau pour saluer qn; figurative tirer son chapeau à qn;∎ to raise a cloud of dust soulever un nuage de poussière;∎ Military & figurative to raise one's sights viser plus haut(b) (increase → offer, price, tax, salaries) augmenter; (→ interest rates) relever; (→ temperature, tension) faire monter; (→ volume) augmenter;∎ the speed limit has been raised to 150 km/h la limitation de vitesse est passée à 150 km/h;∎ the age limit has been raised to 18 la limite d'âge a été repoussée à 18 ans;∎ to raise the school-leaving age prolonger la scolarité;∎ to raise a credit limit déplafonner un crédit;∎ to raise the ceiling on wage increases augmenter le plafond des salaires;∎ to raise production to a maximum porter la production au maximum;∎ to raise the stakes faire monter les enjeux;∎ to raise the pass mark élever le niveau requis;∎ to raise (the level of) a wall rehausser ou surélever un mur;∎ to raise the level of the ground rehausser le niveau du sol;∎ no one raised their voice (to answer or to speak) personne ne souffla mot(c) (boost, improve) remonter, élever;∎ to raise standards (of education, morality) élever le niveau; (of cleanliness, safety) améliorer les conditions;∎ to raise the standard of living améliorer le niveau de vie;∎ our aim is to raise overall standards notre but est d'élever le niveau global;∎ to raise sb's spirits remonter le moral à qn;∎ to raise sb's hopes donner des espoirs à qn;∎ to raise the tone or the level of the conversation élever le niveau de la conversation∎ Military & figurative to raise sb from the ranks promouvoir qn;∎ raised to the rank of colonel élevé au rang de colonel;∎ the Queen raised him to the peerage la reine l'éleva à la pairie∎ we have raised over a million signatures nous avons recueilli plus d'un million de signatures∎ he wanted a new motorbike but couldn't raise the money il voulait une moto neuve mais il n'a pas pu trouver l'argent nécessaire;∎ we have to raise $10,000 by Friday il faut que nous trouvions 10 000 dollars d'ici vendredi;∎ to raise funds (for) (for charity) collecter des fonds (pour ou au profit de); (for business, government programme) se procurer des fonds (pour ou au profit de);∎ to raise a loan (on) (of government) émettre ou lancer un emprunt (sur); (of individual) faire un emprunt (sur)(g) (make, produce)∎ they raised a cheer when she came in ils ont poussé des bravos quand elle est entrée;∎ he managed to raise a smile when he saw us il a réussi à sourire en nous voyant(h) (cause as reaction → laugh, welt, blister, rebellion) provoquer;∎ his jokes didn't even raise a smile ses plaisanteries n'ont même pas fait sourire;∎ to raise a storm of laughter/protest déclencher ou soulever une tempête de rires/de protestations(i) (rear → children, family) élever∎ she raised several objections elle souleva plusieurs objections;∎ this might raise doubts as to his competence ça pourrait soulever ou susciter des doutes quant à ses compétences;∎ his attitude raises certain questions son attitude pose ou soulève certaines questions;∎ his attitude raises questions about his loyalty son attitude remet en question sa loyauté∎ to raise a statue to sb élever une statue à qn∎ they were making enough noise to raise the dead ils faisaient un bruit à réveiller les morts(n) (end → ban, embargo, siege) lever∎ the radio officer was trying to raise Boston le radio essayait de contacter Boston∎ I'll raise you £5 je relance de 5 livres(r) Mathematics élever;∎ to raise a number to the power of n élever un nombre à la puissance n∎ to raise land arriver en vue de terre(in bridge) monter, enchérir; (in poker) relancer∎ to raise oneself up se soulever;∎ she raised herself up onto the chair elle se hissa sur la chaise -
125 Hawthorne experiments
Gen Mgta series of studies undertaken at the Hawthorne plant of Western Electric in the United States from which Elton Mayo concluded that an approach emphasizing employee participation can improve productivity. The Hawthorne experiments began in 1924 as a study conducted by the National Research Council into the relationship between workplace lighting and employee efficiency, and was then extended to include wage incentives and rest periods. It was found that whatever variations were applied upward or downward, output rose, and this was termed the Hawthorne effect. The increased productivity was attributed to several causes, including small group size, earnings, the novelty of being part of an experiment, and the increased attention given to the employees being studied. The style of the supervisor, which was relaxed and friendly, in contrast to the then standard practice, was found to be particularly important. In a second group of employees, however, it was observed that, as the experiments progressed, output was restricted, and that whatever the incentive, the group showed a resistance to it. In 1929, and 1930, Elton Mayo visited Hawthorne. He linked supervisory style and levels of morale with productivity. High productivity resulted from an engaged supervisory style that encouraged participation. Low productivity resulted when a supervisor remained remote and retained a traditional supervisory role. The Hawthorne experiments established the importance of management style and interpersonal skills to organizational success.
См. также в других словарях:
Wage slavery — is a term first coined by the Lowell Mill Girls in 1836, [ [http://books.google.com/books?id=YXT kSv1btIC pg=PA87 lpg=PA87 dq=lowell+%22wage+slavery%22 source=web ots=WsT3bkI 0G sig=w7N0JGBskFiUHReS 00amVMNaPY hl=en Artisans Into Workers: Labor… … Wikipedia
Wage regulation — refers to attempts by a government to regulate wages paid to citizens.Minimum wageMinimum wage regulation attempts to set an hourly, or other periodic monetary standard for pay at work. A recent example was the U.K. National Minimum Wage Act 1998 … Wikipedia
Standard Gravure — was a Louisville, Kentucky printing company founded in 1922 by Robert Worth Bingham and owned by the powerful Bingham family. For decades, it printed The Courier Journal , The Louisville Times , a weekly newspaper insert magazine The Courier… … Wikipedia
wage and salary — ▪ economics Introduction income derived from human labour. Technically, wages and salaries cover all compensation made to employees for either physical or mental work, but they do not represent the income of the self employed. Labour costs… … Universalium
Standard of living in the People's Republic of China — Before 1949 the Chinese economy was characterized by widespread poverty, extreme income inequalities, and endemic insecurity of livelihood. Though it has been argued that in the Ming Qing Period the standards of living reached and stayed at a… … Wikipedia
wage — {{Roman}}I.{{/Roman}} (also wages) noun ADJECTIVE ▪ competitive (esp. AmE), decent, fair, good, high ▪ inadequate, low, meagre/meager (esp … Collocations dictionary
wage — I. noun Etymology: Middle English, pledge, recompense, from Anglo French wage, gage, of Germanic origin; akin to Old High German wetti pledge more at wed Date: 14th century 1. a. a payment usually of money for labor or services usually according… … New Collegiate Dictionary
standard — {{Roman}}I.{{/Roman}} noun 1 level of quality ADJECTIVE ▪ high ▪ low, poor ▪ certain, minimum ▪ Players have to be of a certain standard to compete in the tournament … Collocations dictionary
Standard Gravure shooting — Infobox civilian attack title = Standard Gravure shooting caption = location = Louisville, Kentucky, United States coordinates = date = Start date|1989|09|14 time = 8:30 9.00 a.m. timezone = type = Mass murder, murder suicide, fatalities = 9… … Wikipedia
Standard of living in India — Although standard of living in India is modest and is constantly improving, India suffers from substantial poverty with 27.5% of the population living below the poverty line in 2004 ndash;2005. [ [http://www.planningcommission.gov.in/news/prmar07 … Wikipedia
Standard of Living in Israel — Although standard of living in Israel is modest and is constantly improving, Israel still suffers from poverty with roughly 20.5% of Israeli families living below the below the poverty line in 2008. Housing Since its establishment, the State of… … Wikipedia