A voice for newcomers in Sweden

Opinion: Protectionism and nationalism won't stop startups

Many Swedish startups think internationally from day one. Photo: Jessica Gow/TT

Published: 18.Sep.2018 06:47 hrs

Swedish startups have a bright outlook and are keen to grow internationally, despite nationalist trade wars, write business chiefs Daniel Sonesson and Erik Olofsson.

Two strong trends are emerging across the world, in striking conflict with one another. Nationalism and protectionism are growing in the area of politics, with increased tariffs and looming trade wars. But in the area of economics, countries, industries and companies are moving closer together – and to their customers – in ever-growing global networks. In this new world order, Swedish businesses are very optimistic.

According to a survey conducted by Stripe together with Business Sweden, Stockholm Tech Fest and SUP46 at the beginning of summer, more than half (56 percent) of the startups surveyed believe that protectionism and nationalism do not pose any obstacles to their economic growth. In fact, 51 percent are internationally active from day one and another 21 percent within one year.

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