United States Vs Portugal

Although, there is an enormous difference in the scale of their two economies, the United States and Portugal share significant similarities. Portugal’s economy is growing at a steady rate, but has a long way to go to get out of its recession. In the article, The Federation of International Trade Association says, “Since 2009, Portugal has been suffering from the worst economic crisis since the fall of the dictatorship in 1974. This deep recession was caused by the collapse of foreign demand and the restrictive financial conditions that have affected all the sectors of the economy, such as exports and investments in particular.” In the United States, the economy is still ranked one of the highest in the world. In the U.S. Economic outlook …show more content…
The Portuguese criminal code makes it illegal to give or accept a bribe, and there is a law that establishes the terms of liability of corruption offences in international trade and private activities.” Portuguese people feel that their judicial system is corrupted and that there is bribery and abuse of power within the court system.
In the article, Business corruption in the USA states, “investors in the US, and companies do not consider corruption a major obstacle to their business operations. The US offers a competitive market and abundant business opportunities.” The US government enforces the law on extortion, bribery and abuse of office.
In the article from Hartman, he states that “the U.S. stock market is tied to the euro in two important ways: European stocks and international mutual funds, are an investment option for U.S. investors that compete with U.S. stocks, and U.S. companies do business with European consumers, who earn and spend their money in euro-driven economy.” When the euro is strong it means that there is more buying for the European consumers. This also increases exports to Europe from the United …show more content…
He claims that the weekly church attendance is lower in the United States than it is in Portugal. He also claims that Americans pray more on a daily basis rather than on a weekly basis. Americans feel as though that our country is the best of all nations but according to Baldwin, the Portuguese are the most patriotic.
In the article, Culture and social etiquette in Portugal, Boykova mentions that the Portuguese culture is influenced by the Catholic Church. Boykova says “Family loyalty comes before other social relationships, even business.” When Portuguese are at a social gathering or in a business setting they make sure to have eye contact and shake others hands when they meet them and again once they leave the social or business meeting. In a business setting, they tend to want their personal space to speak with another business person but with good friends and family they show public