Source: Foundation for Economic Education
by Cláudia Ascensão Nunes
“The archipelago of the Azores, a Portuguese territory located in the North Atlantic between Europe and North America, is frequently celebrated for its natural beauty, volcanic landscapes, and the idyllic image of dairy cows dominating the green islands. This tourist imagery, however, hides a historically difficult economic reality. The geographic location of the Azores, marked by insularity, market isolation, and natural limitations on agricultural production, has imposed deep economic costs.” (01/29/26)