terça-feira, 8 de abril de 2008

Investing in Portugal 2008


O Finantial Times publica hoje uma grande reportagem com o título "Investing in Portugal 2008", que inclui entrevistas a Fernando Teixeira dos Santos e Manuel Pinho e vários artigos de opinião. Aqui ficam 2 trechos elucidativos:

Embora se reconheça que certas reformas estruturais do Governo começam a surtir efeitos, ….
«For the first time in its history, Portugal is exporting more technology than it imports. Business services have overtaken cheap textiles and footwear, the country’s traditional industrial breadwinners, as export earners. More money is being invested in science and research than ever before.
Other trends, including a shift in investment away from labour-intensive industry to more technologically-advanced sectors, suggest Portugal has reached the tipping point in a gradual transition from a low-cost manufacturing economy to a provider of knowledge-based services.
Qualified software engineers, consultants and accountants are replacing unskilled, low-cost factory hands as an attraction for foreign investors. "The skills offered by bright university graduates at relatively low levels of remuneration place Portugal in a competitive position in this area," says José Gonzaga Rosa, a Lisbon-based partner with Ernst & Young.»
Peter Wise in Finantial Times 8/4/2008
Há ainda um longo e árduo caminho a empreender….
«Portugal has no control over its monetary policy and will have to pursue a tight fiscal policy for many years. If the country is to cease being a "new sick man of Europe", as the Economist recently called it, it will have to achieve a massive upgrade of its productive base, a more flexible economy, a better educated work force, far higher national savings, higher productivity and a more efficient public sector.
The government recognises the challenge. A recent meeting with Manuel Pinho, minister of the economy, in Lisbon, made this quite clear.
Growth performance has also improved somewhat. But it is still far too slow to achieve a sustained catch-up on the standards of living of its richer neighbours.
Moreover, the economic environment is becoming much tougher: the soaring external value of the euro; the global credit crunch; and the deterioration in the economic performance of Spain, as the latter’s construction boom comes to an end.
Portugal will have to work hard to achieve the sustained improvement in its economic performance that it desperately needs.»
Martin Wolf in Finantial Times 8/4/2008

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