Tuesday, March 13, 2012

To Integrate in the North Atlantic

The North Atlantic is not a hospitable place for anyone to settle down and start a society. Any community in the region must exploit the resources of their surroundings in order to survive. In the case of the Faroe Islands, the historical resource exploited, which still accounts for over 90% of exports, is fish. The same is true for Iceland and Greenland. I can also name sheep and wool, but not much else. While domestic production has shifted to now include services, the society as a whole is still heavily dependent on nature to supply the raw materials needed to drive its economy and sustain the community. So far, the North Atlantic community has lived in the margins, carving out just enough to survive and continue. These slim pickings has a number of consequences, ranging from extremely high prices to high unemployment, both of which makes putting down any roots in the region that much harder.
The owner of a local Chinese resturant had opened his business some ten years ago. His business was in the red for the first two years as the community was skeptical of his food. If he had opened a traditional Faroese or European resturant and had himself been from the region, I doubt he would have has so much trouble. He kept at it though and made a life for himself. His business was sucessful and he became popular. His story highlights how difficult it is for anyone to move to the North Atlantic. There is not much to go around and what is going around is often in a closed circle of trade. I can come with many stories about people who failed to start a life here, including my own, because we are not able to carve out enough for ourselves. Without growth, there is a limit to what the region can support and it is thought by some that limit has already been reached. Those who are here, who have staked claim, would need to loose some of what they own for others to find room for themselves.

The North Atlantic is not a place for soft souls. But, this may change. The future does include oil prospects and with oil prospect comes money. Perhaps in the future, there will be enough to go around and people can move to the Faroe Islands and start a family, but it requires growth.

- Servus

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