The new era of geopolitics and geoeconomy significantly alters the economic landscape and the operating environment. It is already clear that industrial policies and barriers to international trade increasingly influence the location of investment decisions. These trends challenge the foundations of the international division of labor. Our report outlines the key drivers, assumptions, and policy actions behind these changes. In addition, the report provides recommendations and key principles for a small open economy, such as Finland, on how to navigate the changing landscape.
