Methuen Treaty a popular replacement. Cypher and Dietz, in the book ″The Process of Economic Development″, say that: "Portugal specialized in a commodity that did not have the same growth potential as did cloth for England. Portugal's economy suffered consequently, as the productive structure and institutions were moulded in the direction of wine production. In fact, after trade was rapidly expanded following the Methuen Treaty in 1703, Portugal was left with a sizeable deficit as its exports to England fell short of its imports from England. The boom in Portuguese-English trade fortuitously coincided with a gold rush in Brazil, Portugal's colony, enabling
Boundary Treaty of 1881 between Chile and Argentina that older boundary treaties became obsolete and both countries agreed to submit any future disputes to the decision of a friendly third country. The law of the sea at the time of the 1881 treaty was different from the articles of the 1982 Law of the Sea, which meant that Chile and Argentina adhered to the accepted practice of a three nautical mile territorial sea. Therefore, the treaty emphasized the delineation of land boundaries including islands but did not stipulate the offshore limits, which have since been expanded to . According to the Argentine view of the treaty, called the