Interview with Prof. Dr. Michael Andersen, Economist at the University of Copenhagen
Interview by: Independent Finance / Alptekin Aydogan
– Professor Andersen, why has the global economy become so fragile?
Because for decades we built it on the illusion of infinite growth and perfect efficiency. Globalization worked as long as costs were cheap and logistics were smooth. Once the chain broke — through pandemics, wars, and climate shocks — we realized efficiency without resilience is a trap.
– Many analysts claim we are entering a post-globalization era. Do you agree?
Not exactly. I would call it “re-globalization.” Nations and corporations are not closing borders; they are redefining partnerships. Instead of one giant global network, we now see several regional networks: Europe, North America, Asia, and Africa each building their own supply ecosystems.
– What role does technology play in this transformation?
Technology has turned finance and production into data-driven ecosystems. Digital currencies, AI-based logistics, and green innovation are reshaping what we mean by “value creation.” Countries that can align technology with sustainability will dominate the next decade.
– You often talk about “responsible capitalism.” What does that mean in practice?
It means profit can no longer exist without purpose. Investors are increasingly demanding environmental and social accountability. The companies that ignore this shift will find themselves priced out — not just by regulators but by public opinion.
– What’s your outlook for 2026 and beyond?
We’ll see slower but more balanced growth. Resilience will replace speculation. And, hopefully, economics will return to what it should have always been — the science of sustaining life, not just measuring profit.
