All of these are factors that can undermine the stability of our real economy and financial system. In severe conditions like these, we will need to equip ourselves with strong senses of responsibility and mission, and ponder deeply the directions appropriate to our future policy operations.
In spite of sharing the same institutional framework, these two regions show quite different development paths, due to their distinct historical backgrounds and sets of values. In the case of Portugal, many industrial areas appeared due to the entrepreneurial initiative of a given person, family or firm, which led by example, inspiring the surrounding community and generating adjacent businesses.