The financial community has been giving us this bullshit about the Five Little Piigs countries for years. However, they have never attempted, to my knowledge, an analysis of what these five countries supposedly have in common. Precious little, imho. Let’s take a closer look.
Portugal
Portugal is well-known for having been for a long time running the European country with the highest number of PhDs in government. It ranks decently in terms of corruption and very well in terms of freedom of the press — higher than France and the UK, and just behind Germany. Portugal is not a very rich country, but they never tried to make things up. They had some luck in the ’90s with companies relocating there, only to be undercut by places in Eastern Europe like Slovakia. I hope they will be able to cash in on Brazil’s new status as an economic powerhouse. I wish them well, and hate those who scorn them.
