The Scandinavian 8 Million City Project: Opening the door to Europe and the world
4 June 2014 • Author(s): Floire Nathanael Daub, Project Manager for The Scandinavian 8 Million City Project
In an increasingly globalised economy, the demand for efficiency and mobility is increasing. Bigger and stronger regions are needed to attract and retain people and companies who will create the wealth of the future. City regions have become the engines in developing the knowledge and information-based community. The development of The Scandinavian 8 Million City Project1 is rooted in the philosophy that collaboration forms a firm basis for development in a globalised world. Floire Nathanael Daub, Project Manager for The Scandinavian 8 Million City Project explains that by exploring the potential of cooperation, jobs can be created and innovation milieus can be enhanced. Cooperation over long distances requires appropriate infrastructure for both passengers and freight. Whilst Europe and the world have been expanding their green infrastructure to stimulate growth – for example through massive investment in high-speed rail – such investment has been slow to progress in Scandinavia.
Sustaining Scandinavian competitiveness
The countries of Scandinavian have built a good foundation for meeting basic transport needs through decades of infrastructure investments. However, a number of macro trends and challenges threaten the longterm economic growth of the Scandinavian region, including:
Regional competitiveness is in decline and has dropped from a ranking of 7.3 five years ago to an average of 10.6 today and thereby below the top 10 according to the World Economic Forum. The world map has rapidly changed over the last two decades and 75% of global economic growth is now being produced in emerging markets far from Scandinavia.