The Nordic Formula for Prospering in a Dangerous, Fragmented World

Sweden and Denmark are significantly increasing defense spending and tightening ties with each other and Europe, shifting emphasis away from the U.S. The move appears to be paying off. In Copenhagen and Stockholm, commentary tied to Sweden’s central bank focused on what cashless consumers would do during an emergency, such as a Russian cyberattack, and how resilient financial systems may need to be. The broader point is that in a more fragmented and risky world, Nordic governments are treating defense and preparedness as closely linked—both for protecting citizens and for maintaining critical infrastructure when threats escalate.