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The Next Big Thing?

Trends Shaping Nordic Innovation

image of The Next Big Thing?

Waste of electric and electronic equipment (WEEE) contains both hazardous and valuable materials. The European directive on WEEE gives producers and importers of EEE the responsibility to collect and treat WEEE. In order to evaluate the effectively of collecting schemes, it is necessary to know the quantity of WEEE generated. The purpose for this project has been to establish a method to measure amount of WEEE generated. It has also been developed a practical Excel model to demonstrate the method. The model is based on amount of EEE supplied to the market and the lifetimes of the products. The report describes in detail the development work and shows examples of calculation. The Excel model is available for documentation and demonstration, together with a user guidance. The project joint venture and Nordisk Council of Minister disclaim responsibility for how users might use the tool and its results.

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Preface

In 2004, the Nordic Council of Ministers launched its first White Paper on Nordic Innovation Policies and priorities. The White Paper instituted the first generation of innovation policies at the level of theNordic Council of Ministers. Since then, the world economy has experienced both one of its biggest upturns and subsequently one of its biggest downturns since the major recession of 1929. The global financial crisis and subsequent spillover into the real economy has radically turned the tables on a long list of performance indicators related to innovation and competitiveness all over the world. This has also been the case in the Nordic countries. They have all experienced the consequences of the global recession, where weaknesses have been exposed both among their financial and other important institutions linked to economic development. The challenge for the Nordic countries is to strike a sound balance between solving current problems and future needs for action. It might be prudent for the Nordic countries to view the current crisis as an opportunity to promote innovative concepts which will undoubtedly provide the basis for the future growth and prosperity of our societies. One should not forget Schumpeter’s notion of “creative destruction” as the greatest force for innovation and competitiveness. One should also keep in mind that, as small open economies, the Nordic countries have gained considerable benefit from globalisation and the opportunities it has provided for trading, knowledge sourcing and innovation management tools such as open innovation. So what is this publication about? It will address some of the trends that will almost certainly have a major influence on the development of the Nordic countries in the coming years, and which will become significant driving forces for innovation and future change.

English

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