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The High North: An Economic Dimension

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Abstract

The economy of the High North can be characterized as mixed, with a very strong extractive sector which is to secure the subsistence of the local people. In this respect, our area of interest has abundant natural resources, from petroleum and minerals, to fish and forests. Management of the area and coordination of action are crucial due to climate changes. In spite of permafrost and ice, great distances and difficult accessibility, this is no longer the economy functioning in isolation and therefore protected against the consequences of outside influences and decisions. It is a place where the newest technologies meet and at the same time the land of traditional techniques that make survival in extremely harsh climatic conditions possible. The economies of the High North have a series of common features which differentiate them from the economies of the contemporary world. Equally important are significant differences between regions and diversity among the local communities of the region. Although the formal sector of the economy of the High North is perceived through the perspective of exploitation of natural resources, the local economy can be defined as mixed, where market and non-market activities all play an important role in supporting community livelihoods.

Keyword

Economy of Arctic Economy and environment Sustainable development Maritime transport Development versus pollution 

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Copyright information

© Springer International Publishing Switzerland 2015

Authors and Affiliations

  1. 1.Jan Kochanowski UniversityKielcePoland

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