From Energy to Knowledge? Building Domestic Knowledge-Based Sectors around Hydro Energy in Iceland and Greenland
From Energy to Knowledge? Building Domestic Knowledge-Based Sectors around Hydro Energy in Iceland and Greenland
Iceland and Greenland share historical and socioeconomic and political conditions as former or present North Atlantic autonomies of the Kingdom of Denmark. As very small natural resource-based economies, they strive to develop and diversify their economies. Hydropower potential has played a large role in Icelandic economic development, and may do so in Greenland. Literature has overlooked the knowledge economy of hydropower in Iceland and Greenland. Large-scale hydropower projects rest on knowledge in geology, glaciology, hydrology, biology, surveying, engineering, law, finance, planning, and more. This chapter focuses on the experiences and prospects of creating globally connected, domestic knowledge-based hydropower sectors in Iceland and Greenland. Iceland has through strong domestic education and brain circulation domesticized this knowledge and reaped more benefits from its hydropower. Greenland with a smaller and less educated workforce is facing significant challenges to fill the knowledge jobs in a hydropower sector.
Keywords: Iceland, Greenland, economic diversification, hydropower, knowledge economy, triple helix, quadruple helix
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