Northern Economist 2.0

Showing posts with label g-7. Show all posts
Showing posts with label g-7. Show all posts

Wednesday, 13 June 2018

Northern Economist on the Road in Portugal! (Northern Portugal to Be Precise)


Well, I am currently engaged in extended travels in the Iberian Peninsula and it is probably just as well given the turmoil that has enveloped Canada in the wake of the G-7 meetings and President Trump’s high pressure approach to getting his way on NAFTA.  Given the success of the North American bid for the 2026 FIFA games, I suppose we can all look forward to President Trump’s involvement in getting everyone to work together on that project too. 

It has been interesting that the US President does not appear to be as interested in America’s old stalwart friends like Canada and France or the UK and Germany and seems more inspired with the company of his new friends North Korea and Russia.  His comments after the Singapore Summit suggests that Canada would be more interesting if it had a lot of unspoiled beaches for future condo and hotel development – no doubt with the help of assorted Trump holding companies.  Perhaps our Prime Minister can get President Trump’s undivided attention by inviting the presidents of China and Russia to Canada for a special summit on arctic development given the substantial pool of beach real estate and new waterways emerging there with global warming.

Nevertheless, I digress.  I am visiting Porto and have been having a wonderful time learning about Portugal and enjoying the sights and sounds of a very sophisticated society with a long history of accomplishment.  Today, for example on our visit through the Duoro Valley we drove through Sabrosa, which is the birthplace of Ferdinand Magellan and features a large statue of the explorer.  Portugal is highly urbanized with well over half of the population of approximately 10 million people concentrated in the urban areas of Porto and Lisbon.  Porto itself is the gateway to the world famous and UNESCO designated Duoro Valley wine producing region.  Of course, like many countries in Mediterranean Europe, Portugal was hard hit by the 2008-09 financial crisis and opportunity for its youth has been a challenge.  Tourism is becoming a more important part of the economy and the experience I have had  is excellent.

Bom Dia to all!