1974 PREC period changing to a system that is focused on exports, private investment and the development of the high-tech sector textiles, clothing, footwear and cork cork
In which year did the Carnation Revolution take place? What period followed the Carnation Revolution? Since the 90's, how has Portugal's economic development model been changing? What are the more traditional industries that have existed in Portugal? What is Portugal the world's leading producer of?
Since the Carnation Revolution of 1974, which culminated in the end of one of Portugal's most notable phases of economic expansion (that started in the 1960s), a significant change has occurred in the nation's annual economic growth.[citation needed] After the turmoil of the 1974 revolution and the PREC period, Portugal tried to adapt to a changing modern global economy, a process that continues in 2013. Since the 1990s, Portugal's public consumption-based economic development model has been slowly changing to a system that is focused on exports, private investment and the development of the high-tech sector. Consequently, business services have overtaken more traditional industries such as textiles, clothing, footwear and cork (Portugal is the world's leading cork producer), wood products and beverages.
question: In which year did the Carnation Revolution take place?, answer: 1974 | question: What period followed the Carnation Revolution?, answer: PREC period | question: Since the 90's, how has Portugal's economic development model been changing?, answer: changing to a system that is focused on exports, private investment and the development of the high-tech sector | question: What are the more traditional industries that have existed in Portugal?, answer: textiles, clothing, footwear and cork | question: What is Portugal the world's leading producer of?, answer: cork