The post-Cold War liberalist view, according to which interdependences supported a virtuous cycle of mutual gains, has given way to a realist-tinged view that regards economic interdependence as a cause of insecurity and an element in conflicts. In this new environment of increasing great power competition and technological decoupling, all states are not created equal. Major states such as the United States and China can be system shapers, whereas small states tend to be system takers. Major states have a greater ability to use their investment leverage, supply chain dominance and core technology control to exert leverage. For smaller states with open economies, such as Finland and Sweden, these capabilities of major powers create vulnerabilities in the form of security risks of foreign ownership, supply disruptions and critical technological dependencies. The seminar ponders how small states can mitigate such risks.
The seminar reports on research findings of the Academy of Finland -funded ForAc research project (https://sites.utu.fi/forac/en/), based in the University of Turku. It is also the launch event for the final report of the project, available as FIIA Report 74. For the report, a series of innovative Delphi backcasting exercises in Finland and Sweden brought together 113 sectoral experts and generalists to ponder ways to prevent dystopian scenarios from unfolding. The exercises produced a variety of effective means and measures that a small state could alternatively adopt.
PROGRAMME:
9:30-10:00 Coffee
Introduction of the ForAc project:
Mikael Mattlin, Research Professor, FIIA
Perceptions of risks: Shifting European views of China:
Shaun Breslin, Professor, Warwick University
Research findings from Delphi backcasting exercise:
Elina Sinkkonen, Senior Research Fellow, FIIA
Liisa Kauppila, Senior Researcher, University of Turku
Comments:
Sirkka Heinonen, Professor Emerita of Futures Studies, University of Turku
12:00-13:00 Lunch
Finland’s and Sweden’s different approaches to investment screening:
Oscar Almén, Senior Researcher, Head of the Asia Program, Swedish Defence Research Agency (FOI)
Liisa Kauppila, Senior Researcher, University of Turku
Comments:
Lasse Puroma, Senior Specialist, Ministry of Economic Affairs and Employment
Challenges in China’s domestic innovation ecosystem:
Outi Luova, Director, Asianet, University of Turku
Junhua Zhu, PhD candidate, University of Turku
14:30-15:00 Coffee break
Panel discussion and Q&A:
How can small states enhance their preparedness for uncertain futures?
Chair:
Shaun Breslin, Professor, Warwick University
Panel discussion:
Sirkka Heinonen, Professor Emerita of Futures Studies, University of Turku
Sinikukka Saari, Research Director, FIIA
Christian Fjäder, Managing Director, Geostrategic Intelligence Group
Elina Sinkkonen, Senior Research Fellow, FIIA