The Political Economy of Northern Regional Development

Vol. I

image of The Political Economy of Northern Regional Development

“...Taking the structure and functioning of the Arctic regional economies and the degree of economic dependence as a point of departure, these region’s self-reliance and comparative socio-economic performance is analyzed. The fundamental problem is still the dependency Arctic regions have on their mother economies in the south” “...the impact from climate changes and the global economy strongly influence the self-sufficiency constraints and potentials of the Arctic societies. Traditional approaches to economic valuation may not be sufficient to capture these relationships. Neo-classical economics and the trade off model look upon nature as a good commensurable with all other goods, and henceforward there is a substitution possibility. The rational self-interest and ‘homo economicus’ is however, not the same as responsible self-interest included in ecological economics. This suggests broader approaches to environmental uncertainties, which take into account ethical values and conflicts of interest”. Contributors: Hans Aage, Iulie Aslaksen, Andrée Caron, Gérard Duhaime, Solveig Glomsröd, Jón Haukur Ingimundarson, Ivar Jonsson, Jack Kruse, Joan Nymand Larsen, Svein Mathiesen, Anna Ingeborg Myhr, Birger Poppel, Rasmus Ole Rasmussen, Erik Reinert, Hugo Reinert, Chris Southcott, Gorm Winther, Lyudmila Zalkind.



Presenting the Economy of the North

The purpose of the ECONOR project and the report Economy of the North is to give a comprehensive overview of the Arctic economy. This also includes the subsistence economy of the indigenous people within the region. The report discusses the importance of the Arctic economy from a global perspective, with particular focus on natural resources. The report also discusses the likely effects climate change will have on the Arctic economy. These particular impacts being more relevant as temperature increases are expected to be more extreme and rapid in the Arctic region than elsewhere. With the focus on economics, this report complements the perspective of the Arctic Human Development Report (AHDR 20004). This overview of the Arctic economy may help policy makers better understand the position of various stakeholders including large scale commercial interests, local and central governments, the indigenous peoples, and Arctic citizens as a whole.


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