Even though Icelanders may be pessimistic at the moment there is a sound reason to be optimistic, according to the forecast of geographer Laurence Smith, about the increased importance the northern hemisphere will have in the global economy in the coming decades.
From Greenland. Photo by Páll Stefánsson.
Smith told Morgunbladid that the country’s convenient location in the North Atlantic will enable Iceland to play an important part in ocean transport.
The waters off Reykjavík could become one of the oceanic regions that will see the most increase in vessel traffic in the coming decades.
Smith, who earned international recognition with a book he published on the future outlook for the northern hemisphere, will give a presentation at the National Museum of Iceland today.