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
Treaty of Brussels Treaty of Brussels The Treaty of Brussels, also referred to as the Brussels Pact, was the founding treaty of the Western Union (WU) between 1948 and 1954, at which it point it was amended as the Modified Brussels Treaty (MTB) and served as the founding treaty of the Western European Union (WEU) until its termination in 2010. The treaty provided for the organisation of military, economic, social and cultural cooperation among member states, as well as a mutual defence clause. The treaty was signed on 17 March 1948 by Belgium, France, Luxembourg, the Netherlands and the United Kingdom - the