•  The Nordic banking sector is dominated by a small number of international banks, which are large relative to their home-country GDP. The assets of the six largest banking groups (Nordea, Swedbank, SEB, Handelsbanken, Danske Bank and DnB) comprise roughly 94 percent of the total assets of all 53 publicly-listed Nordic banks and equal over 180 percent of the combined Nordic GDP.
Forecasting the direction or pace of technological change has proved to be especially precarious over the generations, even for relatively mature industries. While uncertainty is inherent in any creative process, Nathan Rosenberg of Stanford suggests that even after an innovation’s technical feasibility has been clearly established, its ultimate effect on society is often highly unpredictable. He notes at least two sources of this uncertainty.