Trans-Arctic Interactions and Cross-Country Collaboration

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Author(s): Bistra Vassileva (University of Economics, Varna, Bulgaria)
Copyright: 2019
Pages: 24
Source title: Handbook of Research on International Collaboration, Economic Development, and Sustainability in the Arctic
Source Author(s)/Editor(s): Vasilii Erokhin (Harbin Engineering University, China), Tianming Gao (Harbin Engineering University, China)and Xiuhua Zhang (Harbin Engineering University, China)
DOI: 10.4018/978-1-5225-6954-1.ch003

Keywords: Business Science Reference / Economics and Economic Theory / Environment & Agriculture / Sustainable Development

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Abstract

The Arctic gains an increasing geopolitical importance in the globalized world. The region provides a lot of opportunities especially due to the global warming and intensive development of digital technology but at the same time, it poses extreme challenges. The chapter starts with a literature review on interactions, relationships, networks and their implications on trans-Arctic collaborations. The first section begins by exploring how each Arctic state deals with the opportunities and challenges of the region. The second section describes the evolution of trans-Arctic relations. In the third section, market connections between the Arctic states, the importance of establishing a predictable regulatory framework, knowledge and data exchange, broadband penetration, and use of traditional indigenous knowledge to stimulate sustainable long-term trans-Arctic interactions are analyzed. The chapter ends with conclusions and recommendations aimed at the future development of trans-Arctic interactions with a focus on global intervention policies and strategies in the region.

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