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165-462: Lisbon ( / ˈ l ɪ z b ən / LIZ -bən ; Portuguese : Lisboa [liʒˈβoɐ] ) is the capital and largest city of Portugal , with an estimated population of 567,131 as of 2023 within its administrative limits and 2,961,177 within the metropolis . Lisbon is mainland Europe 's westernmost capital city (second overall after Reykjavik ) and the only one along the Atlantic coast,

330-468: A higher GDP PPP per capita than any other region in Portugal. Its GDP PPP amounts to US$ 179 billion and thus $ 61,713 per capita. When it comes to working and employment conditions, Lisbon has some of the lowest wages and purchasing power among European capitals. Energy (electricity, gas and fuel), along with supermarkets, housing, and various government taxes, rank among the most expensive, even compared to

495-626: A summit meeting that is regarded as a periodic opportunity for Heads of State and Heads of Government of NATO member states to evaluate and provide strategic direction for Alliance activities. The city hosts the Web Summit and is the head office for the Group of Seven Plus (G7+) . In 2018 it hosted the Eurovision Song Contest for the first time as well as the Michelin Gala . On 11 July 2018,

660-520: A Phoenician trading post stood on a site now the centre of the present city, on the southern slope of the Castle hill. The sheltered harbour in the Tagus River estuary was an ideal spot for an Iberian settlement and would have provided a secure harbour for unloading and provisioning trading ships. The Tagus settlement was an important centre of commercial trade with the inland tribes, providing an outlet for

825-766: A basis in a national ethos , being ultimate without a specific nationhood, and that this lack of an ethos appears in their ways of operating as they enter into contracts with countries that have low human rights or environmental standards . In the world economy facilitated by multinational corporations, capital will increasingly be able to play workers, communities, and nations off against one another as they demand tax, regulation and wage concessions while threatening to move. In other words, increased mobility of multinational corporations benefits capital while workers and communities lose. Some negative outcomes generated by multinational corporations include increased inequality , unemployment , and wage stagnation . Raymond Vernon presents

990-498: A corporation invests in a country in which it is not domiciled, it is called foreign direct investment (FDI). Countries may place restrictions on direct investment; for example, China has historically required partnerships with local firms or special approval for certain types of investments by foreigners, although some of these restrictions were eased in 2019. Similarly, the United States Committee on Foreign Investment in

1155-400: A deep impression on its collective psyche. Voltaire wrote a long poem, Poême sur le désastre de Lisbonne , shortly after the quake, and mentioned it in his 1759 novel Candide (indeed, many argue that this critique of optimism was inspired by that earthquake). Oliver Wendell Holmes Sr. also mentions it in his 1857 poem, The Deacon's Masterpiece, or The Wonderful One-Hoss Shay . After

1320-512: A form of Romance called Mozarabic which introduced a few hundred words from Arabic, Persian, Turkish, and Berber. Like other Neo-Latin and European languages, Portuguese has adopted a significant number of loanwords from Greek , mainly in technical and scientific terminology. These borrowings occurred via Latin, and later during the Middle Ages and the Renaissance. Portuguese evolved from

1485-429: A free market system where there is little government interference. As a result, international wealth is maximized with free exchange of goods and services. To many economic liberals, multinational corporations are the vanguard of the liberal order. They are the embodiment par excellence of the liberal ideal of an interdependent world economy. They have taken the integration of national economies beyond trade and money to

1650-556: A large part of the diaspora is a part of the already-counted population of the Portuguese-speaking countries and territories, such as the high number of Brazilian and PALOP emigrant citizens in Portugal or the high number of Portuguese emigrant citizens in the PALOP and Brazil. The Portuguese language therefore serves more than 250 million people daily, who have direct or indirect legal, juridical and social contact with it, varying from

1815-479: A major gateway for refugees to the U.S. and a haven for spies. More than 100,000 refugees were able to flee Nazi Germany via Lisbon. During the Estado Novo regime (1926–1974), Lisbon, under the influence of Duarte Pacheco , the minister of works, was expanded at the cost of other districts within the country, resulting in nationalist and monumental projects. New residential and public developments were constructed;

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1980-487: A million troops to help, and by February 1991, Iraqi forces were expelled from Kuwait. Due to the oil boycott from Kuwait and Iran, oil prices rose and quickly recovered. Saudi Arabia once again led OPEC, and thanks to assistance in defending Kuwait, new relations emerged between the USA and OPEC. Operation "Desert Storm" brought mutual dependence among the main oil producers. OPEC continued to influence global oil prices but recognized

2145-624: A native language by vast majorities due to their Portuguese colonial past or as a lingua franca in bordering and multilingual regions, such as on the Brazilian borders of Uruguay and Paraguay and in regions of Angola and Namibia. In many other countries, Portuguese is spoken by majorities as a second language. There remain communities of thousands of Portuguese (or Creole ) first language speakers in Goa , Sri Lanka , Kuala Lumpur , Daman and Diu , and other areas due to Portuguese colonization . In East Timor,

2310-400: A triumphal arch (1873) and a monument to King Joseph I . In the first years of the 19th century, Portugal was invaded by the troops of Napoléon Bonaparte , forcing Queen Maria I and Prince-Regent John (future John VI) to flee temporarily to Brazil. By the time the new King returned to Lisbon, many of the buildings and properties were pillaged, sacked or destroyed by the invaders. During

2475-437: A wizard') (Angola). From South America came batata (' potato '), from Taino ; ananás and abacaxi , from Tupi–Guarani naná and Tupi ibá cati , respectively (two species of pineapple ), and pipoca (' popcorn ') from Tupi and tucano (' toucan ') from Guarani tucan . Finally, it has received a steady influx of loanwords from other European languages, especially French and English . These are by far

2640-597: Is a Western Romance language of the Indo-European language family originating from the Iberian Peninsula of Europe . It is the official language of Angola , Brazil , Cape Verde , Guinea-Bissau , Mozambique , Portugal and São Tomé and Príncipe , and has co-official language status in East Timor , Equatorial Guinea and Macau . Portuguese-speaking people or nations are known as Lusophone ( lusófono ). As

2805-623: Is also termed "the language of Camões", after Luís Vaz de Camões , one of the greatest literary figures in the Portuguese language and author of the Portuguese epic poem The Lusiads . In March 2006, the Museum of the Portuguese Language , an interactive museum about the Portuguese language, was founded in São Paulo , Brazil, the city with the greatest number of Portuguese language speakers in

2970-694: Is also the origin of the luso- prefix, seen in terms like " Lusophone ". Between AD 409 and AD 711, as the Roman Empire collapsed in Western Europe , the Iberian Peninsula was conquered by Germanic peoples of the Migration Period . The occupiers, mainly Suebi , Visigoths and Buri who originally spoke Germanic languages , quickly adopted late Roman culture and the Vulgar Latin dialects of

3135-522: Is amongst the two Portuguese cities (the other being Porto ) to be recognised as a global city, and it is also home to three companies in the Global 2000 ( EDP Group , Galp Energia and Jerónimo Martins ). Lisbon is one of the major economic centres in Europe , with a growing financial sector, with PSI-20 being part of Euronext , the largest center for debt and funds listings in the world. The Lisbon region has

3300-710: Is based on the Portuguese spoken in the area including and surrounding the cities of Coimbra and Lisbon , in central Portugal. Standard European Portuguese is also the preferred standard by the Portuguese-speaking African countries. As such, and despite the fact that its speakers are dispersed around the world, Portuguese has only two dialects used for learning: the European and the Brazilian. Some aspects and sounds found in many dialects of Brazil are exclusive to South America, and cannot be found in Europe. The same occur with

3465-499: Is commonly abbreviated as "LX" or "Lx", originating in an antiquated spelling of Lisbon as Lixbõa . While the old spelling has since been completely dropped from usage and goes against modern language standards, the abbreviation is still commonly used. During the Neolithic period, the region was inhabited by Pre-Celtic tribes, who built religious and funerary monuments, megaliths , dolmens and menhirs , which still survive in areas on

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3630-412: Is considerably intelligible for lusophones, owing to their genealogical proximity and shared genealogical history as West Iberian ( Ibero-Romance languages ), historical contact between speakers and mutual influence, shared areal features as well as modern lexical, structural, and grammatical similarity (89%) between them. Portuñol /Portunhol, a form of code-switching , has a more lively use and

3795-504: Is either mandatory, or taught, in the schools of those South American countries. Although early in the 21st century, after Macau was returned to China and immigration of Brazilians of Japanese descent to Japan slowed down, the use of Portuguese was in decline in Asia , it is once again becoming a language of opportunity there, mostly because of increased diplomatic and financial ties with economically powerful Portuguese-speaking countries in

3960-465: Is located at 38°42′49.75″N 9°8′21.79″W  /  38.7138194°N 9.1393861°W  / 38.7138194; -9.1393861 , situated at the mouth of the Tagus River and is the westernmost capital of a mainland European country. The river delta is inverted . The westernmost part of Lisbon is occupied by the Monsanto Forest Park , a 10 km (4 sq mi) urban park, one of

4125-557: Is more readily mentioned in popular culture in South America. Said code-switching is not to be confused with the Portuñol spoken on the borders of Brazil with Uruguay ( dialeto do pampa ) and Paraguay ( dialeto dos brasiguaios ), and of Portugal with Spain ( barranquenho ), that are Portuguese dialects spoken natively by thousands of people, which have been heavily influenced by Spanish. Multinational corporation Most of

4290-410: Is often handled through international arbitration . The actions of multinational corporations are strongly supported by economic liberalism and free market system in a globalized international society. According to the economic realist view, individuals act in rational ways to maximize their self-interest and therefore, when individuals act rationally, markets are created and they function best in

4455-624: Is still visible in the Alfama district, an old quarter of Lisbon that survived the 1755 Lisbon earthquake : many place-names are derived from Arabic and the Alfama (the oldest existing district of Lisbon) was derived from the Arabic " al-hamma " . For a brief time, Lisbon was an independent Muslim kingdom known as the Taifa of Lisbon (1022–1094), before being conquered by the larger Taifa of Badajoz . In 1108 Lisbon

4620-681: Is understood by all. Almost 50% of the East Timorese are fluent in Portuguese. No data is available for Cape Verde, but almost all the population is bilingual, and the monolingual population speaks the Portuguese-based Cape Verdean Creole . Portuguese is mentioned in the Constitution of South Africa as one of the languages spoken by communities within the country for which the Pan South African Language Board

4785-865: Is usually a large corporation incorporated in one country that produces or sells goods or services in various countries. Two common characteristics shared by MNCs are their large size and centrally controlled worldwide activities. MNCs may gain from their global presence in a variety of ways. First of all, MNCs can benefit from the economy of scale by spreading R&D expenditures and advertising costs over their global sales, pooling global purchasing power over suppliers, and utilizing their technological and managerial experience globally with minimal additional costs. Furthermore, MNCs can use their global presence to take advantage of underpriced labor services available in certain developing countries and gain access to special R&D capabilities residing in advanced foreign countries. The problem of moral and legal constraints upon

4950-613: Is usually listed as the fifth-most spoken native language , the third-most spoken European language in the world in terms of native speakers and the second-most spoken Romance language in the world, surpassed only by Spanish . Being the most widely spoken language in South America and the most-spoken language in the Southern Hemisphere , it is also the second-most spoken language, after Spanish, in Latin America , one of

5115-624: The Aga Khan officially chose the Henrique de Mendonça Palace, located on Rua Marquês de Fronteira, as the Divan , or seat, of the global Nizari Muslim Imamate . Lisbon hosted World Youth Day 2023 in August of that year, attracting Catholic youth from the around the world. Pope Francis led several events, with the final mass held in the city's Parque do Tejo having an estimated 1.5 million attendees. Lisbon

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5280-609: The Avenida da Liberdade , as the city grew farther from the Tagus. Lisbon was the site of the regicide of Carlos I of Portugal in 1908, an event which culminated two years later in the establishment of the First Republic. The city refounded its university in 1911 after centuries of inactivity in Lisbon, incorporating reformed former colleges and other non-university higher education schools of

5445-809: The Dutch East India Company (VOC) founded in 1602. In addition to carrying on trade between Great Britain and its colonies, the British East India Company became a quasi-government in its own right, with local government officials and its own army in India. Other examples include the Swedish Africa Company founded in 1649 and the Hudson's Bay Company founded in 1670. These early corporations engaged in international trade and exploration and set up trading posts. The Dutch government took over

5610-673: The Economic Community of West African States , the Southern African Development Community and the European Union . According to The World Factbook ' s country population estimates for 2018, the population of each of the ten jurisdictions is as follows (by descending order): The combined population of the entire Lusophone area was estimated at 300 million in January 2022. This number does not include

5775-523: The English Armada led by Francis Drake , while Queen Elizabeth supported a Portuguese pretender in Antonio, Prior of Crato , but support for Crato was lacking and the expedition was a failure. The Portuguese Restoration War , which began with a coup d'état organised by the nobility and bourgeoisie in Lisbon and executed on 1 December 1640, restored Portuguese independence. The period from 1640 to 1668

5940-455: The Far East and later, Brazil , and acquired great riches by exploiting the trade in spices, slaves, sugar, textiles and other goods. This period saw the rise of the exuberant Manueline style in architecture, which left its mark in many 16th-century monuments (including Lisbon's Belém Tower and Jerónimos Monastery , which were declared UNESCO World Heritage Sites ). A description of Lisbon in

6105-582: The Lisbon metropolitan area , which extends beyond the city's administrative area, making it the third largest metropolitan area in the Iberian Peninsula (after Madrid and Barcelona ) as well as figuring amongst the 10 most populous urban areas in the European Union . It represents approximately 27.83% of the country's population. Lisbon is recognised as an alpha-level global city because of its importance in finance, commerce, fashion, media, entertainment, arts, international trade, education, and tourism. Lisbon

6270-789: The Red Cross (alongside English, German, Spanish, French, Arabic and Russian), Amnesty International (alongside 32 other languages of which English is the most used, followed by Spanish, French, German, and Italian), and Médecins sans Frontières (used alongside English, Spanish, French and Arabic), in addition to being the official legal language in the African Court on Human and Peoples' Rights , also in Community of Portuguese Language Countries , an international organization formed essentially by lusophone countries . Modern Standard European Portuguese ( português padrão or português continental )

6435-555: The Republic of the Congo , Senegal , Namibia , Eswatini , South Africa , Ivory Coast , and Mauritius . In 2017, a project was launched to introduce Portuguese as a school subject in Zimbabwe . Also, according to Portugal's Minister of Foreign Affairs, the language will be part of the school curriculum of a total of 32 countries by 2020. In such countries, Portuguese is spoken either as

6600-575: The West Iberian branch of the Romance languages , and it has special ties with the following members of this group: Portuguese and other Romance languages (namely French and Italian ) share considerable similarities in both vocabulary and grammar. Portuguese speakers will usually need some formal study before attaining strong comprehension in those Romance languages, and vice versa. However, Portuguese and Galician are fully mutually intelligible, and Spanish

6765-756: The pre-Roman inhabitants of Portugal , which included the Gallaeci , Lusitanians , Celtici and Cynetes . Most of these words derived from the Hispano-Celtic Gallaecian language of northwestern Iberia, and are very often shared with Galician since both languages have the same origin in the medieval language of Galician-Portuguese. A few of these words existed in Latin as loanwords from other Celtic sources, often Gaulish . Altogether these are over 3,000 words, verbs, toponymic names of towns, rivers, surnames, tools, lexicon linked to rural life and natural world. In

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6930-413: The urban heat island of the city centre, with Sintra and Setúbal having reached −4 °C (25 °F) and −5.1 °C (23 °F) respectively, both experiencing about 13 days of frost per year on average. The highest temperature ever recorded in Lisbon was 44.0 °C (111.2 °F) on 4 August 2018. Portuguese language Portuguese ( endonym : português or língua portuguesa )

7095-507: The -s- form. Most of the lexicon of Portuguese is derived, directly or through other Romance languages, from Latin. Nevertheless, because of its original Lusitanian and Celtic Gallaecian heritage, and the later participation of Portugal in the Age of Discovery , it has a relevant number of words from the ancient Hispano-Celtic group and adopted loanwords from other languages around the world. A number of Portuguese words can still be traced to

7260-571: The 10 most influential languages in the world. When the Romans arrived in the Iberian Peninsula in 216 BC, they brought with them the Latin language , from which all Romance languages are descended. The language was spread by Roman soldiers, settlers, and merchants, who built Roman cities mostly near the settlements of previous Celtic civilizations established long before the Roman arrivals. For that reason,

7425-584: The 10 most spoken languages in Africa , and an official language of the European Union , Mercosul , the Organization of American States , the Economic Community of West African States , the African Union , and the Community of Portuguese Language Countries , an international organization made up of all of the world's officially Lusophone nations. In 1997, a comprehensive academic study ranked Portuguese as one of

7590-420: The 14th century, five in the 16th century (including the 1531 earthquake that destroyed 1,500 houses and the 1597 earthquake in which three streets vanished), and three in the 17th century. On 1 November 1755, the city was destroyed by another devastating earthquake , which killed an estimated 30,000 to 40,000 Lisbon residents of a population estimated at between 200,000 and 275,000, and destroyed 85 percent of

7755-460: The 15th century, the Portuguese maritime explorations led to the introduction of many loanwords from Asian languages. For instance, catana (' cutlass ') from Japanese katana , chá ('tea') from Chinese chá , and canja ('chicken-soup, piece of cake') from Malay . From the 16th to the 19th centuries, because of the role of Portugal as intermediary in the Atlantic slave trade , and

7920-468: The 16th century was written by Damião de Góis and published in 1554. The succession crisis of 1580, initiated a sixty-year period of dual monarchy in Portugal and Spain under the Spanish Habsburgs . This is referred to as the "Philippine Dominion" ( Domínio Filipino ), since all three Spanish kings during that period were called Philip ( Filipe ). In 1589, Lisbon was the target of an incursion by

8085-491: The 1755 earthquake, the city was rebuilt largely according to the plans of Prime Minister Sebastião José de Carvalho e Melo , the 1st Marquis of Pombal ; the lower town began to be known as the Baixa Pombalina ( Pombaline central district ). Instead of rebuilding the medieval town, Pombal decided to demolish what remained after the earthquake and rebuild the city centre in accordance with principles of modern urban design. It

8250-457: The 1990s, many of the districts were renovated and projects in the historic quarters were established to modernise those areas, for instance, architectural and patrimonial buildings were renovated, the northern margin of the Tagus was re-purposed for leisure and residential use, the Vasco da Gama Bridge was constructed and the eastern part of the municipality was re-purposed for Expo '98 to commemorate

8415-650: The 19th century, such as the Rio Tinto company founded in 1873, which started with the purchase of sulfur and copper mines from the Spanish government. Rio Tinto, now based in London and Melbourne , Australia, has made many acquisitions and expanded globally to mine aluminum , iron ore , copper , uranium , and diamonds . European mines in South Africa began opening in the late 19th century, producing gold and other minerals for

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8580-602: The 19th century, the Liberal movement introduced new changes into the urban landscape. The principal areas were in the Baixa and along the Chiado district, where shops, tobacconists shops, cafés, bookstores, clubs and theatres proliferated. The development of industry and commerce determined the growth of the city, seeing the transformation of the Passeio Público , a Pombaline era park, into

8745-431: The 500th anniversary of Vasco da Gama 's sea voyage to India, a voyage that would bring immense riches to Lisbon and cause many of Lisbon's landmarks to be built. In 1988, a fire in the historical district of Chiado saw the destruction of many 18th-century Pombaline style buildings. A series of restoration works has brought the area back to its former self and made it a high-scale shopping district. The Lisbon Agenda

8910-561: The 5th century, the Iberian Peninsula (the Roman Hispania ) was conquered by the Germanic , Suebi and Visigoths . As they adopted the Roman civilization and language, however, these people contributed with some 500 Germanic words to the lexicon. Many of these words are related to: The Germanic languages influence also exists in toponymic surnames and patronymic surnames borne by Visigoth sovereigns and their descendants, and it dwells on placenames such as Ermesinde , Esposende and Resende where sinde and sende are derived from

9075-419: The 8th to 6th centuries BC. This indigenous settlement maintained commercial relations with the Phoenicians, which would account for the recent findings of Phoenician pottery and other material objects. Archaeological excavations made near the Castle of São Jorge ( Castelo de São Jorge ) and Lisbon Cathedral indicate a Phoneician presence at this location since 1200 BC, and it can be stated with confidence that

9240-440: The 9th and early 13th centuries, Portuguese acquired some 400 to 600 words from Arabic by influence of Moorish Iberia . They are often recognizable by the initial Arabic article a(l)- , and include common words such as aldeia ('village') from الضيعة aḍ-ḍayʿa , alface ('lettuce') from الخسة al-khassa , armazém ('warehouse') from المخزن al-makhzan , and azeite ('olive oil') from الزيت az-zayt . Starting in

9405-432: The 9th century until the 12th-century independence of the County of Portugal from the Kingdom of León , which had by then assumed reign over Galicia . In the first part of the Galician-Portuguese period (from the 12th to the 14th century), the language was increasingly used for documents and other written forms. For some time, it was the language of preference for lyric poetry in Christian Hispania , much as Occitan

9570-533: The Americas are independent languages. Portuguese, like Catalan , preserves the stressed vowels of Vulgar Latin which became diphthongs in most other Romance languages; cf. Port., Cat., Sard. pedra ; Fr. pierre , Sp. piedra , It. pietra , Ro. piatră , from Lat. petra ("stone"); or Port. fogo , Cat. foc , Sard. fogu ; Sp. fuego , It. fuoco , Fr. feu , Ro. foc , from Lat. focus ("fire"). Another characteristic of early Portuguese

9735-504: The Elder and by the Greeks as Olissipo (Ὀλισσιπών) or Olissipona (Ὀλισσιπόνα). Another claim repeated in historical literature is that the name of Lisbon could originate from a supposed ancient Phoenician term Alis-Ubbo , meaning "safe harbour" or "pleasant haven". Although modern archaeological excavations show Phoenician presence at this location since 1200   BC, this folk etymology completely lacks any evidence and "is never attested in ancient classical literature". Lisbon's name

9900-417: The Emperor; a large necropolis under Praça da Figueira ; a large forum and other buildings such as insulae (multi-storied apartment buildings) in the area between Castle Hill and the historic city core. Many of these ruins were first unearthed during the mid-18th century (when the recent discovery of Pompeii made Roman archaeology fashionable among Europe's upper classes). The city prospered as piracy

10065-496: The English language. Senior officials, although mostly still Swedish, all learned English and all major internal documents were in English, the lingua franca of multinational corporations. After the war, the number of businesses having at least one foreign country operation rose drastically from a few thousand to 78,411 in 2007. Meanwhile, 74% of parent companies are located in economically advanced countries. Developing and former communist countries such as China, India, and Brazil are

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10230-480: The Germanic sinths ('military expedition') and in the case of Resende, the prefix re comes from Germanic reths ('council'). Other examples of Portuguese names, surnames and town names of Germanic toponymic origin include Henrique, Henriques , Vermoim, Mandim, Calquim, Baguim, Gemunde, Guetim, Sermonde and many more, are quite common mainly in the old Suebi and later Visigothic dominated regions, covering today's Northern half of Portugal and Galicia . Between

10395-431: The International Energy Agency (IEA), enabling states to coordinate policy, gather data, and monitor global oil reserves. In the 1970s, OPEC gradually nationalized the Seven Sisters. The Kingdom of Saudi Arabia, as the only largest world oil producer, could leverage this. However, Saudi Arabia opted for the correct approach and maintained consistent oil prices throughout the 1970s. In 1979, the "second oil shock" came from

10560-409: The Islamic world, primarily Muslim Spain and North Africa . All mosques were either destroyed or altered and converted into churches. As a result of the end of Muslim rule in the mid-12th century, spoken Arabic quickly lost its place in Lisbon, and disappeared altogether. With its central location, Lisbon became the capital city of the new Portuguese territory in 1255. The first Portuguese university

10725-407: The Lusophone diaspora , estimated at 10 million people (including 4.5 million Portuguese, 3 million Brazilians, although it is hard to obtain official accurate numbers of diasporic Portuguese speakers because a significant portion of these citizens are naturalized citizens born outside of Lusophone territory or are children of immigrants, and may have only a basic command of the language. Additionally,

10890-451: The Netherlands has become a popular choice, as its company laws have fewer requirements for meetings, compensation, and audit committees, and Great Britain had advantages due to laws on withholding dividends and a double-taxation treaty with the United States. Corporations can legally engage in tax avoidance through their choice of jurisdiction but must be careful to avoid illegal tax evasion . Corporations that are broadly active across

11055-434: The OLI framework. The other theoretical dimension of the role of multinational corporations concerns the relationship between the globalization of economic engagement and the culture of national and local responses. This has a history of self-conscious cultural management going back at least to the 60s. For example: Ernest Dichter, architect, of Exxon's international campaign, writing in the Harvard Business Review in 1963,

11220-449: The Phoenicians, Julius Caesar made it a municipium called Felicitas Julia , adding the term to the name Olissipo . After the fall of the Roman Empire , it was ruled by a series of Germanic tribes from the 5th century, most notably the Visigoths . Later it was captured by the Moors in the 8th century. In 1147, Afonso Henriques conquered the city and in 1255, it became Portugal's capital, replacing Coimbra . It has since been

11385-533: The Portuguese acronym CPLP) consists of the nine independent countries that have Portuguese as an official language : Angola , Brazil , Cape Verde , East Timor , Equatorial Guinea , Guinea-Bissau , Mozambique , Portugal and São Tomé and Príncipe . Equatorial Guinea made a formal application for full membership to the CPLP in June 2010, a status given only to states with Portuguese as an official language. Portuguese became its third official language (besides Spanish and French ) in 2011, and in July 2014,

11550-483: The Santomean, Mozambican, Bissau-Guinean, Angolan and Cape Verdean dialects, being exclusive to Africa. See Portuguese in Africa . Audio samples of some dialects and accents of Portuguese are available below. There are some differences between the areas but these are the best approximations possible. IPA transcriptions refer to the names in local pronunciation. Audio samples of some dialects and accents of Portuguese are available below. There are some differences between

11715-404: The Third World colonies. That changed dramatically after 1945 as investors turned to industrialized countries and invested in manufacturing (especially high-tech electronics, chemicals, drugs, and vehicles) as well as trade. Sweden's leading manufacturing concern was SKF , a leading maker of bearings for machinery. In order to expand its international business, it decided in 1966 it needed to use

11880-636: The U.S. applies its corporate taxation "extraterritorially", which has motivated tax inversions to change the home state. By 2019, most OECD nations, with the notable exception of the U.S., had moved to territorial tax in which only revenue inside the border was taxed; however, these nations typically scrutinize foreign income with controlled foreign corporation (CFC) rules to avoid base erosion and profit shifting . In practice, even under an extraterritorial system, taxes may be deferred until remittance, with possible repatriation tax holidays , and subject to foreign tax credits . Countries generally cannot tax

12045-583: The United States sanctions against Iran ; European companies faced with the possibility of losing access to the U.S. market by trading with Iran. International investment agreements also facilitate direct investment between two countries, such as the North American Free Trade Agreement and most favored nation status. Raymond Vernon reported in 1977 that of the largest multinationals focused on manufacturing, 250 were headquartered in

12210-506: The United States scrutinizes foreign investments. In addition, corporations may be prohibited from various business transactions by international sanctions or domestic laws. For example, Chinese domestic corporations or citizens have limitations on their ability to make foreign investments outside China, in part to reduce capital outflow . Countries can impose extraterritorial sanctions on foreign corporations even for doing business with other foreign corporations, which occurred in 2019 with

12375-609: The United States as the largest consumer and guarantor of the existing oil security order. Since the Iraq War, OPEC has had only a minor influence on oil prices, but it has expanded to 11 members, accounting for about 40 percent of total global oil production, although this is a decline from nearly 50 percent in 1974. Oil has practically become a common commodity, leading to much more volatile prices. Most OPEC members are wealthy, and most remain dependent on oil revenues, which has serious consequences, such as when OPEC members were pressured by

12540-461: The United States from 2010. The USA became the leading oil producer, creating tension with OPEC. In 2014, Saudi Arabia increased production to push new American producers out of the market, leading to lower prices. OPEC then reduced production in 2016 to raise prices, further worsening relations with the United States. By 2012, only 7% of the world's known oil reserves were in countries that allowed private international companies free rein; 65% were in

12705-561: The United States, 115 in Western Europe, 70 in Japan, and 20 in the rest of the world. The multinationals in banking numbered 20 headquartered in the United States, 13 in Europe, nine in Japan and three in Canada. Today multinationals can select from a variety of jurisdictions for various subsidiaries, but the ultimate parent company can select a single legal domicile ; The Economist suggests that

12870-687: The VOC in 1799, and during the 19th century, other governments increasingly took over private companies, most notably in British India. During the process of decolonization , the European colonial charter companies were disbanded, with the final colonial corporation, the Mozambique Company , dissolving in 1972. Mining of gold, silver, copper, and oil was a major activity early on and remains so today. International mining companies became prominent in Britain in

13035-498: The West to the post-colonial South and invest either in foreign expenditures or ostentatious economic development projects. After 1974, most of the money from OPEC members ceased as payments for goods and services or investments in Western industry. In February 1974, the first Washington Energy Conference was convened. The most significant contribution of this conference was the establishment of

13200-588: The areas but these are the best approximations possible. IPA transcriptions refer to the names in local pronunciation. Você , a pronoun meaning "you", is used for educated, formal, and colloquial respectful speech in most Portuguese-speaking regions. In a few Brazilian states such as Rio Grande do Sul , Pará, among others, você is virtually absent from the spoken language. Riograndense and European Portuguese normally distinguishes formal from informal speech by verbal conjugation. Informal speech employs tu followed by second person verbs, formal language retains

13365-533: The average sea temperature is around 20 °C (68 °F). Among European capitals, Lisbon ranks among those with the warmest winters and has the mildest winter nights out of any major European city, with a minimum mean of 8.2 °C (46.8 °F) in the coldest month. The coldest temperature ever recorded in Lisbon was −1.2 °C (30 °F) in February 1956; although other locations in its metropolitan area can record lower temperatures, not being as affected by

13530-462: The behavior of multinational corporations, given that they are effectively "stateless" actors, is one of several urgent global socioeconomic problems that has emerged during the late twentieth century. Potentially, the best concept for analyzing society's governance limitations over modern corporations is the concept of "stateless corporations". Coined at least as early as 1991 in Business Week ,

13695-481: The city (such as the Escola Politécnica – now Faculdade de Ciências ). Today there are two public universities in the city ( University of Lisbon and New University of Lisbon ), a public university institute ( ISCTE - Lisbon University Institute ) and a polytechnic institute (IPL – Instituto Politécnico de Lisboa ). During World War II , Lisbon was one of the very few neutral, open European Atlantic ports,

13860-519: The city's structures. Among several important buildings of the city, the Ribeira Palace and the Hospital Real de Todos os Santos were lost. In coastal areas, such as Peniche , situated about 80 km (50 mi) north of Lisbon, many people were killed by the following tsunami . By 1755, Lisbon was one of the largest cities in Europe; the catastrophic event shocked the whole of Europe and left

14025-728: The collapse of the Shah's regime in Iran. Iran became a regional power due to oil money and American weapons. The Shah eventually abdicated and fled the country. This prompted a strike by thousands of Iranian oil workers, significantly reducing oil production in Iran. Saudi Arabia tried to cope with the crisis by increasing production, but oil prices still soared, leading to the "second oil shock." Saudi Arabia significantly reduced oil production, losing most of its revenues. In 1986, Riyadh changed course, and oil production in Saudi Arabia sharply increased, flooding

14190-706: The companies. This occurred in 1960. Prior to the 1973 oil crisis , the Seven Sisters controlled around 85 percent of the world's petroleum reserves . In the 1970s, most countries with large reserves nationalized their reserves that had been owned by major oil companies. Since then, industry dominance has shifted to the OPEC cartel and state-owned oil and gas companies, such as Saudi Aramco , Gazprom (Russia), China National Petroleum Corporation , National Iranian Oil Company , PDVSA (Venezuela), Petrobras (Brazil), and Petronas (Malaysia). A unilateral increase in oil prices

14355-510: The conception was theoretically clarified in 1993: that an empirical strategy for defining a stateless corporation is with analytical tools at the intersection between demographic analysis and transportation research. This intersection is known as logistics management , and it describes the importance of rapidly increasing global mobility of resources. In a long history of analysis of multinational corporations, we are some quarter-century into an era of stateless corporations—corporations that meet

14520-632: The country was accepted as a member of the CPLP. Portuguese is also one of the official languages of the Special Administrative Region of the People's Republic of China of Macau (alongside Chinese ) and of several international organizations, including Mercosul , the Organization of Ibero-American States , the Union of South American Nations , the Organization of American States , the African Union ,

14685-643: The creation of a "world customer". The idea of a global corporate village entailed the management and reconstitution of parochial attachments to one's nation. It involved not a denial of the naturalness of national attachments, but an internationalization of the way a nation defines itself. "Multinational enterprise" (MNE) is the term used by international economist and similarly defined with the multinational corporation (MNC) as an enterprise that controls and manages production establishments, known as plants located in at least two countries. The multinational enterprise (MNE) will engage in foreign direct investment (FDI) as

14850-476: The current largest and most influential companies are publicly traded multinational corporations, including Forbes Global 2000 companies. The history of multinational corporations began with the history of colonialism . The first multi-national corporations were founded to set up colonial "factories" or port cities. The two main examples were the British East India Company founded in 1600 and

15015-512: The diverse population of Muwallads , Arabs , Berbers , Mozarabs , Saqaliba , and Jews to maintain their socio-cultural lifestyles. Mozarabic was the native language spoken by most of the Christian population although Arabic was widely known as spoken by all religious communities. Islam was the official religion practised by the Arabs, Berbers, Saqaliba and Muwallad. The ancient Muslim influence

15180-467: The end of the 20th century, being most frequent among youngsters, and a number of studies have also shown an increase in its use in a number of other Brazilian dialects. Differences between dialects are mostly of accent and vocabulary , but between the Brazilian dialects and other dialects, especially in their most colloquial forms, there can also be some grammatical differences. The Portuguese-based creoles spoken in various parts of Africa, Asia, and

15345-688: The establishment of large Portuguese colonies in Angola, Mozambique, and Brazil, Portuguese acquired several words of African and Amerind origin, especially names for most of the animals and plants found in those territories. While those terms are mostly used in the former colonies, many became current in European Portuguese as well. From Kimbundu , for example, came kifumate > cafuné ('head caress') (Brazil), kusula > caçula ('youngest child') (Brazil), marimbondo ('tropical wasp') (Brazil), and kubungula > bungular ('to dance like

15510-496: The expropriation of their property. In 1506, an anti-semitic movement among the Old Christians of Lisbon culminated in a massacre lasting four days in which some 1,000 to 4,000 New Christian men, women and children, converted descendants of Sephardic Jews , are estimated to have been killed. The king was at Évora when these events occurred, but angered when he received the news, he ordered an investigation which resulted in two of

15675-481: The firm makes direct investments in host country plants for equity ownership and managerial control to avoid some transaction costs . Sanjaya Lall in 1974 proposed a spectrum of scholarly analysis of multinational corporations, from the political right to the left. He put the business school how-to-do-it writers at the extreme right, followed by the liberal laissez-faire economists, and the neoliberals (they remain right of center but do allow for occasional mistakes of

15840-572: The first Portuguese university in Lisbon (the Estudos Gerais , which later moved to Coimbra ) and decreed for Portuguese, then simply called the "common language", to be known as the Portuguese language and used officially. In the second period of Old Portuguese, in the 15th and 16th centuries, with the Portuguese discoveries , the language was taken to many regions of Africa, Asia, and the Americas . By

16005-501: The form of Latin during that time), which greatly enriched the lexicon. Most literate Portuguese speakers were also literate in Latin; and thus they easily adopted Latin words into their writing, and eventually speech, in Portuguese. Spanish author Miguel de Cervantes once called Portuguese "the sweet and gracious language", while the Brazilian poet Olavo Bilac described it as a última flor do Lácio, inculta e bela ("the last flower of Latium , naïve and beautiful"). Portuguese

16170-462: The formal você , followed by the third person conjugation. Conjugation of verbs in tu has three different forms in Brazil (verb "to see": tu viste? , in the traditional second person, tu viu? , in the third person, and tu visse? , in the innovative second person), the conjugation used in the Brazilian states of Pará, Santa Catarina and Maranhão being generally traditional second person,

16335-519: The formation of creole languages such as that called Kristang in many parts of Asia (from the word cristão , "Christian"). The language continued to be popular in parts of Asia until the 19th century. Some Portuguese-speaking Christian communities in India , Sri Lanka , Malaysia , and Indonesia preserved their language even after they were isolated from Portugal. The end of the Old Portuguese period

16500-416: The hands of state-owned companies that operated in one country and sold oil to multinationals such as BP, Shell, ExxonMobil and Chevron. Down through the 1930s, about 80% of the international investments by multinational corporations were concentrated in the primary sector, especially mining (especially oil) and agriculture (rubber, tobacco, sugar, palm oil , coffee, cocoa, and tropical fruits). Most went to

16665-450: The highest temperature during the day typically ranges from 11 to 19 °C (52 to 66 °F), the lowest temperature at night ranges from 3 to 13 °C (37 to 55 °F) and the average sea temperature is 16 °C (61 °F). In the warmest month – August – the highest temperature during the day typically ranges from 25 to 32 °C (77 to 90 °F), the lowest temperature at night ranges from 14 to 20 °C (57 to 68 °F) and

16830-546: The highly unstable and corrupt Portuguese First Republic . The 6 June 1926 revolution ended the first republic and firmly established the Estado Novo , or the Portuguese Second Republic , as the ruling regime. The Carnation Revolution , which took place on 25 April 1974, ended the right-wing Estado Novo regime and reformed the country to become as it is today, the Portuguese Third Republic . In

16995-602: The hinterland. The city was connected by a broad road to Western Hispania's two other large cities, Bracara Augusta in the province of Tarraconensis (Portuguese Braga ), and Emerita Augusta , the capital of Lusitania . The city was ruled by an oligarchical council dominated by two families, the Julii and the Cassiae, although regional authority was administered by the Roman Governor of Emerita or directly by Emperor Tiberius . Among

17160-428: The instigating friars being excommunicated and burned alive. Most of the Portuguese expeditions of the Age of Discovery set out from Lisbon during the period from the end of the 15th century to the beginning of the 17th century, including Vasco da Gama 's expedition to India in 1498. The following years of the 16th century began Lisbon's golden era: the city was the European hub of commerce between Africa , India ,

17325-566: The international oil market. Iran was unable to sell any of its oil. In August 1953, the then-prime minister was overthrown by a pro-American dictatorship led by the Shah, and in October 1954, the Iranian industry was denationalized. Worldwide oil consumption increased rapidly between 1949 and 1970, a period known as the 'golden age of oil'. This increase in consumption was caused not only by the growth of production by multinational oil companies but also by

17490-415: The internationalization of production. For the first time in history, production, marketing, and investment are being organized on a global scale rather than in terms of isolated national economies. International business is also a specialist field of academic research. Economic theories of the multinational corporation include internalization theory and the eclectic paradigm . The latter is also known as

17655-406: The kind that is used in other Portuguese-speaking countries and learned in Brazilian schools. The predominance of Southeastern-based media products has established você as the pronoun of choice for the second person singular in both writing and multimedia communications. However, in the city of Rio de Janeiro, the country's main cultural center, the usage of tu has been expanding ever since

17820-544: The language has kept a relevant substratum of much older, Atlantic European Megalithic Culture and Celtic culture , part of the Hispano-Celtic group of ancient languages. In Latin, the Portuguese language is known as lusitana or (latina) lusitanica , after the Lusitanians , a pre-Celtic tribe that lived in the territory of present-day Portugal and Spain that adopted the Latin language as Roman settlers moved in. This

17985-431: The largest in Europe, and occupying 10% of the municipality. The city occupies an area of 100.05 km (39 sq mi), and its city boundaries, unlike those of most major cities, coincide with those of the municipality. The rest of the urbanised area of the Lisbon urban area, known generically as Greater Lisbon ( Portuguese : Grande Lisboa ) includes several administratively defined cities and municipalities, in

18150-460: The largest recipients. However, 70% of foreign direct investment went into developed countries in the form of stocks and cash flows. The rise in the number of multinational companies could be due to a stable political environment that encourages cooperation, advances in technology that enable management of faraway regions, and favorable organizational development that encourages business expansion into other countries. A multinational corporation (MNC)

18315-568: The last centuries of the Middle Ages, Lisbon expanded substantially and became an important trading post with both Northern European and Mediterranean cities. When the Spaniards expelled the Jews from Spanish territory, many of them fled to Lisbon. Although acknowledging the central importance of the Jews to the city's prosperity, Manuel I decreed in 1497 that all Jews must convert to Christianity, only those who refused being forced to leave, but not before

18480-474: The laws and regulations of both their domicile and the additional jurisdictions where they are engaged in business. In some cases, the jurisdiction can help to avoid burdensome laws, but regulatory statutes often target the "enterprise" with statutory language around "control". As of 1992 , the United States and most OECD countries have the donot legal authority to tax a domiciled parent corporation on its worldwide revenue, including subsidiaries. As of 2019 ,

18645-522: The majority of Latin speakers lived a large minority of Greek traders and slaves. Olissipo, like most great cities in the Western Empire, was a center for the dissemination of Christianity. Its first attested Bishop was Potamius (c. 356), and there were several martyrs during the period of persecution of the Christians: Verissimus, Maxima, and Julia are the most significant examples. By

18810-488: The market with cheap oil. This caused a worldwide drop in oil prices, hence the "third oil shock" or "counter-shock." However, this shock represented something much bigger—the end of OPEC's dominance and its control over oil prices. Iraqi President Saddam Hussein decided to attack Kuwait. The invasion sparked a crisis in the Middle East, prompting Saudi Arabia to request assistance from the United States. The United States sent

18975-531: The marketplace such as externalities). Moving to the left side of the line are nationalists, who prioritize national interests over corporate profits, then the "dependencia" school in Latin America that focuses on the evils of imperialism, and on the far left the Marxists. The range is so broad that scholarly consensus is hard to discern. Anti-corporate advocates criticize multinational corporations for being without

19140-484: The medieval language spoken in the northwestern medieval Kingdom of Galicia , which the County of Portugal once formed part of. This variety has been retrospectively named Galician-Portuguese , Old Portuguese, or Old Galician by linguists. It is in Latin administrative documents of the 9th century that written Galician-Portuguese words and phrases are first recorded. This phase is known as Proto-Portuguese, which lasted from

19305-599: The mid-16th century, Portuguese had become a lingua franca in Asia and Africa, used not only for colonial administration and trade but also for communication between local officials and Europeans of all nationalities. The Portuguese expanded across South America, across Africa to the Pacific Ocean, taking their language with them. Its spread was helped by mixed marriages between Portuguese and local people and by its association with Roman Catholic missionary efforts, which led to

19470-549: The minority Swiss Romansh language in many equivalent words such as maun ("hand"), bun ("good"), or chaun ("dog"). The Portuguese language is the only Romance language that preserves the clitic case mesoclisis : cf. dar-te-ei (I'll give thee), amar-te-ei (I'll love you), contactá-los-ei (I'll contact them). Like Galician , it also retains the Latin synthetic pluperfect tense: eu estivera (I had been), eu vivera (I had lived), vós vivêreis (you had lived). Romanian also has this tense, but uses

19635-1119: The most important languages when referring to loanwords. There are many examples such as: colchete / crochê ('bracket'/'crochet'), paletó ('jacket'), batom ('lipstick'), and filé / filete ('steak'/'slice'), rua ('street'), respectively, from French crochet , paletot , bâton , filet , rue ; and bife ('steak'), futebol , revólver , stock / estoque , folclore , from English "beef", "football", "revolver", "stock", "folklore." Examples from other European languages: macarrão ('pasta'), piloto ('pilot'), carroça ('carriage'), and barraca ('barrack'), from Italian maccherone , pilota , carrozza , and baracca ; melena ('hair lock'), fiambre ('wet-cured ham') (in Portugal, in contrast with presunto 'dry-cured ham' from Latin prae-exsuctus 'dehydrated') or ('canned ham') (in Brazil, in contrast with non-canned, wet-cured ( presunto cozido ) and dry-cured ( presunto cru )), or castelhano ('Castilian'), from Spanish melena ('mane'), fiambre and castellano. Portuguese belongs to

19800-462: The newspaper The Portugal News publishing data given from UNESCO, the highest potential for growth as an international language in southern Africa and South America . Portuguese is a globalized language spoken officially on five continents, and as a second language by millions worldwide. Since 1991, when Brazil signed into the economic community of Mercosul with other South American nations, namely Argentina , Uruguay and Paraguay , Portuguese

19965-527: The north bank of the Tagus River. The larger Lisbon metropolitan area includes the Setúbal Peninsula to the south. Lisbon has a Mediterranean climate ( Köppen : Csa ) with mild, rainy winters and warm to hot, dry summers. The average annual temperature is 17.4 °C (63.3 °F), 21.3 °C (70.3 °F) during the day and 13.5 °C (56.3 °F) at night. In the coldest month – January –

20130-544: The north of the country), Paraguay (10.7% or 636,000 people), Switzerland (550,000 in 2019, learning + mother tongue), Venezuela (554,000), and the United States (0.35% of the population or 1,228,126 speakers according to the 2007 American Community Survey ). In some parts of former Portuguese India , namely Goa and Daman and Diu , the language is still spoken by about 10,000 people. In 2014, an estimated 1,500 students were learning Portuguese in Goa. Approximately 2% of

20295-417: The number of Portuguese speakers is quickly increasing as Portuguese and Brazilian teachers are making great strides in teaching Portuguese in the schools all over the island. Additionally, there are many large Portuguese-speaking immigrant communities all over the world. According to estimates by UNESCO , Portuguese is the fastest-growing European language after English and the language has, according to

20460-481: The only language used in any contact, to only education, contact with local or international administration, commerce and services or the simple sight of road signs, public information and advertising in Portuguese. Portuguese is a mandatory subject in the school curriculum in Uruguay . Other countries where Portuguese is commonly taught in schools or where it has been introduced as an option include Venezuela , Zambia ,

20625-658: The others (Reykjavik and Dublin ) being on islands. The city lies in the western portion of the Iberian Peninsula , on the northern shore of the River Tagus . The western portion of its metro area, the Portuguese Riviera , hosts the westernmost point of Continental Europe , culminating at Cabo da Roca . Lisbon is one of the oldest cities in the world and the second-oldest European capital city (after Athens ), predating other modern European capitals by centuries. Settled by pre-Celtic tribes and later founded and civilized by

20790-583: The pacification of the west, led by Consul Decimus Junius Brutus Callaicus . Decimus obtained the alliance of Olissipo (which sent men to fight alongside the Roman Legions against the northwestern Celtic tribes) by integrating it into the empire, as the Municipium Cives Romanorum Felicitas Julia . Local authorities were granted self-rule over a territory that extended 50 km (31 mi); exempt from taxes, its citizens were given

20955-459: The peninsula and over the next 300 years totally integrated into the local populations. Some Germanic words from that period are part of the Portuguese lexicon, together with place names, surnames, and first names. With the Umayyad conquest beginning in 711, Arabic became the administrative and common language in the conquered regions, but most of the remaining Christian population continued to speak

21120-621: The people of Macau, China are fluent speakers of Portuguese. Additionally, the language is being very actively studied in the Chinese school system right up to the doctorate level. The Kristang people in Malaysia speak Kristang , a Portuguese-Malay creole; however, the Portuguese language itself is not widely spoken in the country. The Community of Portuguese Language Countries (in Portuguese Comunidade dos Países de Língua Portuguesa , with

21285-520: The periphery of Lisbon. The Indo-European Celts invaded in the 1st millennium BC, mixing with the Pre-Indo-European population, thus giving rise to Celtic-speaking local tribes such as the Cempsi or Sefes . Although the first fortifications on Lisbon's Castelo hill are known to be no older than the 2nd century BC, recent archaeological finds have shown that Iron Age people occupied the site from

21450-431: The political, economic, and cultural centre of the country. As the political centre of the country, Lisbon hosts the government , National Assembly , Supreme Court of Justice , Armed Forces and residence of the head of state . It is also the centre of Portuguese diplomacy, with ambassadors from 86 countries residing in the city, as well as representations from Taiwan and Palestine . About 2.96 million people live in

21615-456: The population of urban Angola speaks Portuguese natively, with approximately 85% fluent; these rates are lower in the countryside. Just over 50% (and rapidly increasing) of the population of Mozambique are native speakers of Portuguese, and 70% are fluent, according to the 2007 census. Portuguese is also spoken natively by 30% of the population in Guinea-Bissau, and a Portuguese-based creole

21780-431: The pre-Roman appellation for the Tagus River, Lisso or Lucio . Classical authors writing in Latin and Greek, including Strabo , Solinus , and Martianus Capella , referred to popular legends that the city of Lisbon was founded by the mythical hero Ulysses ( Odysseus ). Lisbon's name was written Ulyssippo in Latin by the geographer Pomponius Mela , a native of Hispania . It was later referred to as "Olisippo" by Pliny

21945-560: The price collapse in 1998–1999. The United States still maintains close relations with Saudi Arabia. In 2003, U.S. forces invaded Iraq with the aim of removing the dictatorship and gaining access to Iraqi oil reserves, giving the United States greater strategic importance from 2000 to 2008. During this period, there was a constant shortage of oil, but its consumption continued to rise, maintaining high prices and leading to concerns about "peak oil". From 2005 to 2012, there were advances in oil and gas extraction, leading to increased production in

22110-611: The privileges of Roman citizenship, and it was then integrated with the Roman province of Lusitania (whose capital was Emerita Augusta ). Lusitanian raids and rebellions during Roman occupation required the construction of a wall around the settlement. During Augustus ' reign, the Romans also built a great theatre; the Cassian Baths (underneath Rua da Prata ); temples to Jupiter , Diana , Cybele , Tethys and Idea Phrygiae (an uncommon cult from Asia Minor ), in addition to temples to

22275-595: The realities of the needs of source materials on a worldwide basis and to produce and customize products for individual countries. One of the first multinational business organizations, the East India Company , was established in 1601. After the East India Company came the Dutch East India Company , founded on March 20, 1603, which would become the largest company in the world for nearly 200 years. The main characteristics of multinational companies are: When

22440-801: The region of Lisbon until 585. In 585, the Suebi Kingdom was integrated into the Germanic Visigothic Kingdom of Toledo, which comprised all of the Iberian Peninsula: Lisbon was then called Ulishbona . On 6 August 711, Lisbon was taken by the Muslim forces of the Umayyad Caliphate . These conquerors built many mosques and houses, rebuilt the city wall (known as the Cerca Moura ) and established administrative control, while permitting

22605-539: The result of expansion during colonial times, a cultural presence of Portuguese speakers is also found around the world. Portuguese is part of the Ibero-Romance group that evolved from several dialects of Vulgar Latin in the medieval Kingdom of Galicia and the County of Portugal , and has kept some Celtic phonology. With approximately 236 million native speakers and 27 million second language speakers, Portuguese has approximately 263.8 million total speakers. It

22770-416: The richest EU countries. The gap between the highest and lowest wages is, again, the largest inside the "Euro Zone". The lowest wages can offer a value per hour as little as 6-7 euros. Due to these reasons Lisbon has had a high level of "youth emigration" mostly to other European cities of countries as France, UK, Luxembourg, Switzerland and Belgium. The city occupies the 40th place of highest gross earnings in

22935-495: The strong influence of the United States on the global oil market. In 1959, companies lowered the price of oil due to a surplus in the market. This reduction dealt a significant blow to the finances of producers. Saudi oil minister Abdullah Tariki and Venezuela’s Juan Perez Alfonso entered into a secret agreement (the Mahdi Pact), promising that if the price of oil was lowered a second time, they would take collective action against

23100-646: The time of the Fall of Rome , Olissipo had become a notable Christian center. Following the disintegration of the Western Roman Empire, there were barbarian invasions; between 409 and 429 the city was occupied successively by Sarmatians , Alans and Vandals . The Germanic Suebi , who established a kingdom in Gallaecia (modern Galicia and northern Portugal), with its capital in Bracara Augusta , also controlled

23265-603: The time, was returned to Christian rule. The reconquest of Portugal and re-establishment of Christianity is one of the most significant events in Lisbon's history, described in the chronicle Expugnatione Lyxbonensi , which describes, among other incidents, how the local bishop was killed by the crusaders and the city's residents prayed to the Virgin Mary as it happened. Some of the Muslim residents converted to Roman Catholicism and most of those who did not convert fled to other parts of

23430-845: The valuable metals, salt and salted-fish they collected, and for the sale of the Lusitanian horses renowned in antiquity. According to a persistent legend, the location was named for the Greek mythical king of Ithaca, Ulysses , who founded the city when he sailed westward to the ends of the known world. Following the defeat of Hannibal in 202 BC during the Punic wars , the Romans determined to deprive Carthage of its most valuable possession: Hispania (the Iberian Peninsula). The defeat of Carthaginian forces by Scipio Africanus in Eastern Hispania allowed

23595-507: The world and, with almost 21,000 millionaires, is the 11th European city by number of millionaires and the 14th by number of billionaires. Most of the headquarters of multinational corporations in Portugal are located in the Lisbon area. Lisbon's name may derive from Proto-Celtic or Celtic Olisippo , Lissoppo , or a similar name which other visiting ancient peoples such as the Phoenicians, Greeks, and Romans adapted accordingly, such as

23760-484: The world market, jobs for locals, and business and profits for companies. Cecil Rhodes (1853–1902) was one of the few businessmen in the era who became Prime Minister (of South Africa 1890–1896). His mining enterprises included the British South Africa Company and De Beers . The latter company practically controlled the global diamond market from its base in southern Africa. In 1945, the United States

23925-573: The world without a concentration in one area have been called stateless or "transnational" (although "transnational corporation" is also used synonymously with "multinational corporation" ), but as of 1992, a corporation must be legally domiciled in a particular country and engage in other countries through foreign direct investment and the creation of foreign subsidiaries. Geographic diversification can be measured across various domains, including ownership and control, workforce, sales, and regulation and taxation. Multinational corporations may be subject to

24090-506: The world. Portuguese, being a language spread on all continents, has official status in several international organizations. It is one of twenty official languages of the European Union , an official language of NATO, the Organization of American States (alongside Spanish, French and English), and one of eighteen official languages of the European Space Agency . Portuguese is a working language in nonprofit organisations such as

24255-575: The world. The museum is the first of its kind in the world. In 2015 the museum was partially destroyed in a fire, but restored and reopened in 2020. Portuguese is spoken by approximately 200 million people in South America, 30 million in Africa, 15 million in Europe, 5 million in North America and 0.33 million in Asia and Oceania. It is the native language of the vast majority of the people in Portugal, Brazil and São Tomé and Príncipe (95%). Around 75% of

24420-503: The worldwide revenue of a foreign subsidiary, and taxation is complicated by transfer pricing arrangements with parent corporations. For small corporations, registering a foreign subsidiary can be expensive and complex, involving fees, signatures, and forms; a professional employer organization (PEO) is sometimes advertised as a cheaper and simpler alternative, but not all jurisdictions have laws accepting these types of arrangements. Disputes between corporations in different nations

24585-426: The zone of Belém was modified for the 1940 Portuguese Exhibition , while along the periphery new districts appeared to house the growing population. The inauguration of the bridge over the Tagus allowed a rapid connection between both sides of the river. Lisbon was the site of three revolutions in the 20th century. The first, the 5 October 1910 revolution , brought an end to the Portuguese monarchy and established

24750-417: Was a European Union agreement on measures to revitalise the EU economy, signed in Lisbon in March 2000. In October 2007 Lisbon hosted the 2007 EU Summit , where an agreement was reached regarding a new EU governance model. The resulting Treaty of Lisbon was signed on 13 December 2007 and came into force on 1 December 2009. Lisbon has been the site for many international events and programmes. In 1994, Lisbon

24915-424: Was charged with promoting and ensuring respect. There are also significant Portuguese-speaking immigrant communities in many territories including Andorra (17.1%), Bermuda , Canada (400,275 people in the 2006 census), France (1,625,000 people), Japan (400,000 people), Jersey , Luxembourg (about 25% of the population as of 2021), Namibia (about 4–5% of the population, mainly refugees from Angola in

25080-408: Was eliminated and technological advances were introduced, consequently Felicitas Julia became a center of trade with the Roman provinces of Britannia (particularly Cornwall ) and the Rhine . Economically strong, Olissipo was known for its garum (a fish sauce highly prized by the elites of the empire and exported in amphorae to Rome), wine, salt, and horse-breeding, while Roman culture permeated

25245-438: Was enabled by multinational corporations known as the 'Seven Sisters'. The "Seven Sisters" was a common term for the seven multinational companies that dominated the global petroleum industry from the mid-1940s to the mid-1970s. The nationalization of the Iranian oil industry in 1951 by Iranian Prime Minister Mohammad Mosaddegh and the subsequent boycott of Iranian oil by all companies had dramatic consequences for Iran and

25410-443: Was founded in Lisbon in 1290 by King Denis I ; for many years the Studium Generale ( General Study ) was transferred intermittently to Coimbra , where it was installed permanently in the 16th century as the University of Coimbra . In 1384, the city was besieged by King Juan I of Castille , as a part of the ongoing 1383–1385 Crisis . The result of the siege was a victory for the Portuguese led by Nuno Álvares Pereira . During

25575-448: Was fully aware that the means to overcoming cultural resistance depended on an "understanding" of the countries in which a corporation operated. He observed that companies with "foresight to capitalize on international opportunities" must recognize that " cultural anthropology will be an important tool for competitive marketing". However, the projected outcome of this was not the assimilation of international firms into national cultures, but

25740-546: Was labeled as "the largest nonviolent transfer of wealth in human history." The OPEC sought immediate discussions regarding participation in national oil industries. Companies were not inclined to object as the price hike benefited both them and OPEC members. In 1980, the Seven Sisters were entirely displaced and replaced by national oil companies (NOCs). The rise in oil prices burdened developing countries with balance of payments deficits, leading to an energy crisis. OPEC members had to abandon their plan of redistributing wealth from

25905-401: Was marked by periodic skirmishes between Portugal and Spain, as well as short episodes of more serious warfare until the Treaty of Lisbon was signed in 1668. In the early 18th century, gold from Brazil allowed King John V to sponsor the building of several Baroque churches and theatres in the city. Prior to the 18th century, Lisbon had experienced several significant earthquakes – eight in

26070-411: Was marked by the publication of the Cancioneiro Geral by Garcia de Resende , in 1516. The early times of Modern Portuguese, which spans the period from the 16th century to the present day, were characterized by an increase in the number of learned words borrowed from Classical Latin and Classical Greek because of the Renaissance (learned words borrowed from Latin also came from Renaissance Latin ,

26235-435: Was raided and occupied by Norwegian crusaders led by Sigurd I on their way to the Holy Land as part of the Norwegian Crusade and occupied by crusader forces for three years. It was taken by the Moorish Almoravids in 1111. In 1147, as part of Portuguese efforts during the Reconquista , Afonso I of Portugal besieged and reconquered Lisbon with the aid of crusader knights. The city, with around 154,000 residents at

26400-406: Was reconstructed in an open rectangular plan with two great squares: the Praça do Rossio and the Praça do Comércio . The first, the central commercial district, is the traditional gathering place of the city and the location of the older cafés, theatres and restaurants; the second became the city's main access to the River Tagus and point of departure and arrival for seagoing vessels, adorned by

26565-439: Was the European Capital of Culture . On 3 November 2005, Lisbon hosted the MTV European Music Awards . On 7 July 2007, Lisbon held the ceremony of the "New 7 Wonders Of The World" election, in the Luz Stadium , with live transmission for millions of people all over the world. Every two years, Lisbon hosts the Rock in Rio Lisboa Music Festival, one of the largest in the world. Lisbon hosted the NATO summit (19–20 November 2010),

26730-501: Was the language of the poetry of the troubadours in France. The Occitan digraphs lh and nh , used in its classical orthography, were adopted by the orthography of Portuguese , presumably by Gerald of Braga , a monk from Moissac , who became bishop of Braga in Portugal in 1047, playing a major role in modernizing written Portuguese using classical Occitan norms. Portugal became an independent kingdom in 1139, under King Afonso I of Portugal . In 1290, King Denis of Portugal created

26895-585: Was the loss of intervocalic l and n , sometimes followed by the merger of the two surrounding vowels, or by the insertion of an epenthetic vowel between them: cf. Lat. salire ("to exit"), tenere ("to have"), catena ("jail"), Port. sair , ter , cadeia . When the elided consonant was n , it often nasalized the preceding vowel: cf. Lat. manum ("hand"), ranam ("frog"), bonum ("good"), Old Portuguese mão , rãa , bõo (Portuguese: mão , rã , bom ). This process

27060-462: Was the source of most of the language's distinctive nasal diphthongs. In particular, the Latin endings -anem , -anum and -onem became -ão in most cases, cf. Lat. canis ("dog"), germanus ("brother"), ratio ("reason") with Modern Port. cão , irmão , razão , and their plurals -anes , -anos , -ones normally became -ães , -ãos , -ões , cf. cães , irmãos , razões . This also occurs in

27225-401: Was the world's largest oil producer. However, their reserves were declining due to high demand. Therefore, the United States turned to foreign oil sources, which had a significant impact on the recovery of the West after World War II. Most of the world's oil was found in Latin America and the Middle East, particularly in the Arab states of the Persian Gulf. This increase in non-American production

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