Business

Watch a 10-minute film on why modern business people like to compare themselves to their vision of the Vikings.

Listen to a podcast on how gender is used as a tool in branding the Nordics.

The economic boom in Iceland in the early 2000s reflected how colonial memory can linger on and become mobilized. During this period, Iceland became internationally visible due to aggressive global investments, embodied for the most part by male businessmen frequently referred to as 'Vikings'. This economic expansion, or 'útrás' as it is called in Icelandic, focused strongly on Denmark, reflecting how Iceland‘s history under Danish rule was particularly salient.

It is Sweden’s goal to become one of the world’s first fossil fuel free welfare states, and many Swedish companies are voluntarily working to reduce their climate impact. The reasons for this are manifold; they primarily involve risk management, a sense of responsibility, management of reputation, and addressing the demands of various stakeholders, many of which are increasingly expressing concerns. Even though taking action often involves significant costs, some businesses have suggested that action is taken because of the high environmental awareness amongst the Swedish public, favorable conditions for taking climate action (such as high availability of renewable energy), and good cooperation between the state and non-state actors—factors which are arguably present in the other Nordic countries. While effective climate action still requires both states and non-state actors to show leadership and focus on speeding up implementation, Nordic companies have the potential to also be a driver for change abroad.

Widespread economic transformations, such as increasing automation, tend to negatively affect some groups more than others in the Nordic countries, as elsewhere. Workers who risk losing their jobs to machines or other means are a societal concern; it is, after all, not their fault that society is changing. Importantly, not only are these workers at risk of unemployment, but there appears to be a correlation between employment vulnerability due to automation and voting habits. A recent study of Denmark, Finland, Norway and Sweden and other western European countries has shown that workers whose jobs are vulnerable to automation are most likely to vote for radical right-wing parties. However, initiatives to help people into other types of work must be treated with caution as they are not always successful, and further research is required.

The Nordic countries have some of the highest trade union rates of membership in the world. This has by some been attributed to unemployment insurance being largely administered by trade unions. Since around 1910, unemployment insurance in the Nordic countries Denmark, Finland and Sweden has been based on a voluntary system (‘Ghent’), rather than the compulsory system which is common in most other welfare states. However, since 1992, these countries have reformed their insurance schemes, which has had a negative effect on union density. In 1992, Finland introduced an independent fund which is not linked to trade unions, and this has provided workers with a greater number of options concerning unemployment benefits. To workers with low or precarious incomes, the cheaper option of the independent fund can be attractive. While it seems clear that different types of precarious workers choose different types of unemployment insurance options, the introduction of funds not linked to trade unions is likely to have contributed to the already decreasing level of trade union membership in the Ghent countries.

Studio-Based Learning (SBL) is an educational tradition with a student-centered approach. The practice originates in Northern Europe, where Nordic arts and design programs have a long tradition of using studio spaces for teaching. The physical space is considered a powerful factor in facilitating learning and accomplishing instructional goals, and it remains widespread at higher education institutions. SBL goes beyond the passive learning styles typically afforded by the traditional university classroom or lecture hall. For example, SBL allows students to be involved in iterative hands-on experimentation followed by reflection.