ABSTRACT

This article deals with the topic of divestment. In the early 1990s, the Portuguese electrical and electronics industry (EEI) attracted high levels of foreign direct investment. This increase in capital flows played an important role in Portugal’s economic development. However, after a period of growth and expansion, divestments became more common and the Portuguese government had to work hard to retain the existing investments. This study adopts a qualitative and historical approach to examine how economic and social changes impacted divestments in the EEI between 1975 and 2015, contributing to develop extant theories on divestment. The article helps to understand what happened to the Portuguese manufacturing industry and to the EEI in particular, providing valuable lessons on international divestments and production relocations.

摘要

本文涉及撤资主题。在1990年代初期，葡萄牙的电气和电子工业（EEI）吸引了大量的外国直接投资。资本流动的增加在葡萄牙的经济发展中发挥了重要作用。但是，经过一段时间的增长和扩张，撤资变得更加普遍，葡萄牙政府不得不努力工作以保留现有投资。这项研究采用定性和历史方法，研究了经济和社会变化如何影响1975年至2015年EEI的撤资，有助于发展现有的撤资理论。本文有助于了解葡萄牙制造业特别是EEI的状况，并提供有关国际撤资和生产搬迁的宝贵经验。