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According to a 2016 study, Portugal's colonial trade "had a substantial and increasingly positive impact on [Portugal's] economic growth". [44] Despite its vast colonial possessions, Portugal's economy declined relative to other advanced European economies from the 17th century and onward, which the study attributes to the domestic conditions ...
Cultural economics is the branch of economics that studies the relation of culture to economic outcomes. Here, 'culture' is defined by shared beliefs and preferences of respective groups. Programmatic issues include whether and how much culture matters as to economic outcomes and what its relation is to institutions. [ 1 ]
The United Nations Educational, Scientific and Cultural Organisation (UNESCO) identifies intangible cultural heritage as the "non-physical traditions and practices that are performed by a people". As part of a country's cultural heritage, they include celebrations, festivals, performances, oral traditions, music, and the making of handicrafts. [1]
Organizational culture encompasses the shared norms, values, behaviors observed in schools, universities, not-for-profit groups, government agencies, and businesses reflecting their core values and strategic direction. [1] [2] Alternative terms include business culture, corporate culture and company culture. The term corporate culture emerged ...
Café culture is also regarded as an important cultural feature of the Portuguese. As the most popular sport, football events involving major Portuguese teams are always widely followed with great enthusiasm. There are a few bullrings in Portugal, although the passion for bullfighting was traditionally more popular in the Ribatejo and Alentejo ...
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[42] [43] Portugal is home to several world class universities and business schools that have been contributing to the creation of a number of highly renowned international managers [44] and are attracting an increasing number of foreign students. [45] Portugal has the highest emigration rate as a proportion of population in the European Union.