The International Institute for Strategic Studies (IISS) has unveiled a new book that analyses the economic and military opportunities in the Arctic, as global warming brings large ice-free areas.
Christian Le Mière and Jeffrey Mazo are the authors of Arctic Opening: Insecurity and Opportunity, which forms part of the Adelphi Series of academic research. Their book analyses the changes that have occurred in the region, where the melting of ice because of rising global temperatures has opened up new commercial opportunities.
Transport and energy firms, governments, travel agents and military forces have started to look at the Arctic almost as a modern gold-rush, the authors say.
“Among them, the view is optimistic, but also somewhat cautious and restrained: optimistic about the potential economic opportunities to be found in the warming Arctic, while at the same time cautious about the many technological, environmental, human, political and climatic difficulties and uncertainties that would need to be overcome, and restrained in their approach to both opportunities and risks”, the book says.
As states have different interests in the area, Le Mière and Mazo believe that they should co-operate to avoid tensions; otherwise there might be far fewer benefits than those expected.
Despite the Arctic being seen by governments as a land of resources to exploit, many factors are not yet taken into account, such as how climate change will affect the region over the coming decades and the impact of commercial operations on the environment and indigenous people.
“This dichotomy between the certainty about the fact of climate change in the Arctic and the uncertainty over its future effects is causing differences of opinion and division”, the authors said.
“It is certain, for example, that there will be less ice and therefore greater economic exploitation. But governments, industry and indigenous groups have different opinions on the intensity and levels of regulation of private enterprise that are appropriate.”
Earlier this month, the US navy revealed that the melting of the Arctic required “new strategies” as commercial and touristic opportunities increased.
Book Review: Ubernomics
Step inside the next generation of economics, business strategy and investing.
In this radical business book, Barbara Gray makes it clear that all is not as it seems. Just when we think we know the rules of the road, we find we have hit the age of economic abundance—and surprises await.
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Barbara Gray is a former top-ranked sell-side equity analyst and the founder of Brady Capital Research Inc., a leading-edge research and strategy consulting firm. She has more than fifteen years of sell-side equity research experience in Canada and the United States covering a wide range of sectors. Barbara has a Bachelor of Commerce (Finance) from the University of British Columbia (1993) and earned her Chartered Financial Analyst (CFA) designation in 1997. She lives in Vancouver, Canada with her husband and two sons.
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Book Review: Business as an Instrument for Societal Change
Business as an Instrument for Societal Change: In Conversation with the Dalai Lama is the result of two decades of research and dialogue with His Holiness the Dalai Lama and other leaders in business, government, science and education. Author Sander Tideman, a lawyer and banker who has maintained a friendship with the Dalai Lama over all these years, presents a practical framework and methodology to develop a new kind of leadership – one fit to repurpose the business world and tackle escalating social, economic and environmental needs.
The Dalai Lama rarely speaks directly on the topics of business, leadership and economics. Yet in the dialogues recounted here, his wisdom – combined with key insights from business and public leaders – creates a unified shift towards a consciousness of interconnectedness, offering profound insights for practitioners and general readers alike.
Tideman unites the scientific worldviews of physics, neuroscience and economics with the positive psychology of human relationships, and ancient spiritual wisdom, to formulate practical business leadership solutions. At the heart of this book lies the journey to discover our shared purpose. This ignites new sources of value creation for the organisation, customers and society, which Tideman terms ‘triple value’. We can achieve triple value by aligning societal and business needs, based on the fundamental reality of interconnection.
Business as an Instrument for Societal Change: In Conversation with the Dalai Lama is a readable and intelligent exploration of how leaders can actually help to shape a sustainable global economy by embracing innate human and humane behaviour. It is also Tideman’s fascinating personal journey, which brought him to question the underlying motivations and goals of business leadership and to seek a new paradigm for a more sustainable approach. Reflecting Tideman’s sharp perceptions and infused with the Dalai Lama’s unmistakable joy, this book has the power to change your way of thinking.