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The Arctic Economy in a Global Context

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The New Arctic

Abstract

Change has been a characteristic of the Arctic economy since its early history. Today the pattern of change differs from the past in its magnitude, its rate of change, and the complexity of Arctic changes. The differences reflect a number of sources – climate warming, increased accessibility, and economic integration with global markets. This new pattern of change will produce significant impacts on the economies of the Arctic region, from main centers to smaller local communities. In this chapter we consider a number of sources of change, and reflect on the impacts for the new Arctic. We conclude that while the new Arctic will hold many promises and opportunities for formal and informal economies across the region, there are critical challenges to be addressed as the economy becomes an increasingly important player in the global context.

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Author information

Authors and Affiliations

  1. Stefansson Arctic Institute and University of Akureyri, Akureyri, Iceland

    Joan Nymand Larsen

  2. Department of Economics, University of Alaska Anchorage, Anchorage, AK, USA

    Lee Huskey

Authors
  1. Joan Nymand Larsen
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  2. Lee Huskey
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Correspondence to Joan Nymand Larsen .

Editor information

Editors and Affiliations

  1. Department of Clinical Microbiology, Umeå University, Umeå, Sweden

    Birgitta Evengård

  2. Stefansson Arctic Institute, Akureyri, Iceland

    Joan Nymand Larsen

  3. Department of Research Management, University of Bergen Bergen Marine Research Cluster, Bergen, Norway

    Øyvind Paasche

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Larsen, J.N., Huskey, L. (2015). The Arctic Economy in a Global Context. In: Evengård, B., Nymand Larsen, J., Paasche, Ø. (eds) The New Arctic. Springer, Cham. https://doi.org/10.1007/978-3-319-17602-4_12

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