The Danish Model - The Economic Bumblebee

Diplomacy and International Relations · Mar 31, 2026 · 19m · transcript

Denmark stands at a crossroads: a small, high-tech economy riding a pharmaceutical boom, yet increasingly aware of how dependent it has become on a few winners like Novo Nordisk. At the same time, long-run trade data suggest that export patterns are surprisingly sticky, changing only slowly even as governments talk about diversification and resilience.In this episode, we unpack new insights from a 2025 report by the Embassy of Switzerland and an academic study from Aalborg University on export specialization across OECD countries. We explore how Denmark’s recent growth has been powered by its…