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An ecosystem assessment is a social process through which the findings of science concerning the causes of ecosystem change, their consequences for human well-bring, and the management and policy options are evaluated. The main objective of the paper is to draw insights from experience in the UK, Japan, Spain and Portugal of the
added value to policy making of undertaking national level ecosystem assessments.
Low growth and huge current account deficits have characterised the Portuguese economy over the past decade.
Owing to slow growth and a relatively weak fiscal position, Portugal’s public debt had been rising for almost a decade when the global crisis struck, sharply increasing the deficit.
This paper illustrates possible trade-offs between two different fiscal consolidation strategies in Portugal: sticking to the nominal fiscal targets in the EU-IMF programme or allowing automatic stabilisers to work, while sticking to the structural primary deficit targets implied by the programme.
The process of fiscal consolidation and the need to step up the poor long term economic performance provide an opportunity to implement tax measures to improve efficiency and rebalance the economy.
- Economic Survey of Portugal 2010
This paper analyses trends in Portuguese venture capital markets and makes policy recommendations which have been developed through an OECD peer review process.