Charlotte Børing

Implementing Economic Security in Norway: Lessons from Japan

While few OECD countries have experiences in making a shift to economic security and operationalizing the term, Japan is an outlier. Japan was the first country to implement legislation on economic security with the Economic Security Protection Act (ESPA), in 2022. As a first mover, Japan stands out as one of the few cases to draw on in developing lessons learned and identifying the challenges in putting economic security into practice. In this report, we consider how economic security has been implemented in Japan, the development of a holistic whole-of-government approach, and the importance of developing a uniform conceptualization of economic security adopted coherently across public and private organizations. Subsequently, we briefly examine the perspectives of the Nordic states and their respective evolving approaches to economic security. Finally, we outline some lessons learned and key experiences and discuss their relevance for the Norwegian context.