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International Travel

Kathleen Peddicord by Kathleen Peddicord
Oct 11, 2010
in Retirement/Living
0
International travel can be the experience you need.
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Tired Of Gloom, Doom, And Recession? Travel Abroad!

“Vicki and I recently returned to Argentina after a six-month absence,” writes Intrepid Correspondent Paul Terhorst.

“The seasons are reversed here, and, like the song says, spring is ‘bustin’ out all over.’ We see new leaves on trees, migrant birds returning, more sunshine, better light.

“The Argentine economy is bustin’ out, too, doing very well. We hear a lot about a worldwide recession, but it seems to me that only the United States and a few other countries struggle. During our recent six-month trip to Asia, Vicki and I saw roaring growth. During our time in Thailand, that country was on the verge of a civil war. Yet Thai economic growth will come in at a healthy 9% this year. To keep inflation in check China has successfully slowed its economy, so growth will be ‘only’ 11%.

“In Latin America, we see the same story, including, in some countries, very strong growth rates. The southern cone countries–Argentina, Chile, Uruguay, and Paraguay–all enjoy the high soy and grain prices, along with new tourism from Brazil and the United States.

“Even Europe is doing well, led by Germany’s remarkable boom. Most of Scandinavia and northern Europe also enjoy solid growth.

“For sure, we see pockets of weakness. Japan never really recovered from the 1989 meltdown. Greece, Portugal, and other small European countries, along with Spain, have been hard hit. But the main problem continues to be the United States, now barely sneaking out of recession.

“We used to say that when the U.S. coughs the rest of the world catches cold. To a certain extent that may still be true today. The four BRICs (Brazil, Russia, India, and China) combined barely approach two-thirds of the U.S. economy. The U.S. consumer drives the worldwide export boom. The United States remains a huge factor.

“Still, I see most of Asia, Latin America, and Europe doing well. I went to China twice last year, and, in rural Yunnan province, saw new bridges, dams, roads, and sewers. China long ago learned that there was more to life than making toys for Wal-Mart.

“I was in the United States last month and flew on one of Jet Blue’s Brazilian-made planes. No longer do Boeing and Airbus split the market. I was in India for two months and saw an improved standard of living over what I saw just two years ago, when I was last there.

“I think we can expect the global boom to continue. Even Marxists these days look to trade and foreign investment to help grow their economies. We’ve all gotten hooked on the benefits of globalization.

“The newfound prosperity means locals go out more and travel more. Thai friends who reached their 40s without ever going abroad now travel to Laos, Malaysia, Hong Kong, and Singapore. Two Thai friends even plan to visit Vicki and me in Argentina. We see new restaurants, especially ethnic restaurants, opening in Argentina and India. Now in Buenos Aires and Chiang Mai we have several choices of Mexican places and Chinese food from different parts of China.

“As locals have more fun, Vicki and I do, too. We enjoy the new vitality, ambition, independence, and enthusiasm.

“Tired of the gloom and recession talk in the United States? Travel abroad. You’ll be surrounded by local prosperity. The challenges facing the U.S. will soon recede into a dim memory.”

Kathleen Peddicord.

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Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

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