Open AccessEnder Grønlands økonomi og erhvervsudvikling i fisk?
Author(s) -
Nauja Bianco
Publication year - 2019
Language(s) - English
Resource type - Journals
ISSN - 2446-0893
DOI - 10.7146/politik.v22i1.114839
Subject(s) - diversification (marketing strategy) , thriving , entrepreneurship , foreign direct investment , economy , business , political science , international trade , economics , marketing , social science , finance , sociology , law
What dilemmas and challenges are Greenland facing in the light of the wish for future independence? This article reflects on central issues relating to the Greenlandic economy and business structure of today and the possibilities in a future secession from the Kingdom of Denmark. The article demonstrates that – besides the grants from Denmark and the EU which amounts to approximately 60 % of the income of the Greenland Government – the foundation for Greenland’s economy and business structure since the 1950s and 60s has been fishery which is still thriving. The article also shows that this is a single stranded and sensitive business structure that cannot alone meet the income needs for an independent Greenland. The article points out that the Greenlandic economy needs diversification and that the business environment should be developed. Particularly innovation and new product development in the marine industry, such as development in bio-economy, could be elaborated. There is also room for entrepreneurship within the cultural and creative industries. Developments of the tourism industry must be pursued and a comprehensive strategy for attracting foreign and direct investment to Greenland should be developed.