Luis Rosa, O Governador, D.Quixote, November 2022, 372 pages

After a tumultuous decade, the Portuguese economy finally entered a period of stable and rapid growth in 1985, with accession to the European Communities. As advanced economies were experiencing the post-Volcker ‘great moderation’, Portugal experienced a ‘great convergence’, making up for its chronic underdevelopment, the legacy of decades under authoritarian dictatorship.

Rapid convergence gave way to stagnant growth in the early to