Global economic drivers in the development of different industrial hubs in the European Arctic

Abstract

This project report discusses global drivers affecting the development of key industries in the European Arctic (EA). Aquaculture is important for littoral states in the North, forestry and mining for northern Scandinavia, and tourism throughout the northern regions in the EA, and all are affected by globalization. Globalization is not a homogeneous, uniform phenomenon, but consists of various global megatrends and trends that affect all industries and local communities, even the most remote, in the EA. Global population growth, urbanization, digitalization, which connects the world 24/7, growing environmental concern worldwide, and climate change happening two or three times faster in the EA than elsewhere in the world are all examples of global megatrends and trends that are changing societies and economic activities around the world.