
The Faroe Islands are among the world’s richest countries. For centuries, the foundations of our welfare society have been laid through hard work, solidarity, and respect for the generations who came before us—and those who will come after.
When you are born into a prosperous society built by earlier generations, it is easy to take welfare and security for granted. Yet the torch has now been passed to us who live on these islands today. Our task is to develop our society—now and into the future. The question is: how do we do that well?
We Have Strong Resources — but We Need Foresight
We hold strong cards. The Faroe Islands have deep human capital, and we are also blessed with rich natural resources. Over time, we have developed the ability to adapt—and to break new ground. We also carry significant spiritual and cultural capital. In other words, the foundations are strong.
But we must not assume that a rich and secure society will simply continue on its own. A key condition for progress is leadership: good, courageous leaders with foresight across every sector—especially at the very top, in Government, in Parliament, and in our municipalities.
What Is Strategic Foresight?
The future is open. It is not carved in stone. That means we can help to create it and shape it—starting today. We can choose to create, rather than merely react to what happens. That is the heart of strategic foresight.
Strategic foresight is the capability to navigate uncertainty, consider several plausible futures, and make well-grounded decisions. It belongs to the field of futures studies—a comparatively young discipline that is earning growing recognition.
The point is straightforward: we must prepare properly for what lies ahead. And we must work in a systematic way with uncertainty, megatrends, and emerging opportunities. When we think long-term, we make better decisions in the present.
Foresight should be prioritised and continually developed as a capability. This applies to public authorities (national and municipal), to business and industry, and to society as a whole. And for each of us as individuals, foresight helps us to recognise risks and opportunities in good time—and to make better choices.
Megatrends in the Faroe Islands
At a societal level, there are clear megatrends that the Faroe Islands should build into policymaking and the development of our society. Here are five examples:
- Demographic change
- Climate change
- Sustainability
- Technological development (especially artificial intelligence)
- Uncertainty and shifts in the international order
These megatrends hold both threats and opportunities—so we must engage with them deliberately and with a long horizon. The aim is to strengthen our society and create a sustainable future for our country.
Foresight in the Political System
Parliament and Government can work far more strategically, and with far greater foresight, to secure welfare and progress for everyone in the Faroe Islands—particularly in a world that is changing and increasingly unstable. If we simply allow things to happen and become spectators on the international stage, we will miss countless opportunities.
Finland—often a top performer in OECD comparisons—has, for more than 30 years, had a standing Committee for the Future in Parliament. It sheds light on opportunities and threats that matter to Finnish society. This creates real value and helps ensure that legislation and policymaking are more future-based and more resilient.
We could learn a great deal from that. Why not establish a Future Committee in the Faroese Parliament? And within Government, it would be wise to set up a dedicated foresight unit as part of the Prime Minister’s Office.
Lasse Jonasson of the Copenhagen Institute for Futures Studies captures both the societal need and the value of long-term thinking:
“Encouraging a shift towards long-term thinking can help societies better prepare for future challenges, ensuring more sustainable and equitable growth. This shift is crucial for addressing the slow-burning issues that short-term policies typically overlook.”
Bringing Past, Present, and Future Together
We often divide time into three: past, present, and future. Strategic foresight is clearly concerned with the future—with vision and direction—but it is not detached from the past or the present.
We should learn from history, tradition, and the experiences gained over time. And we need clear insight into the present, along with a basic understanding of the dynamics that influence and shape our society today. Good strategic work brings these time horizons together. It draws on what we have learnt from the past, what we see in the present, and what we can imagine about the future—so that we can create value and make a difference for individuals, organisations, and society as a whole.
The Future and Hope
Strategic foresight is not about predicting one fixed future that we cannot influence. It begins with a simple truth: there is not just one future—there are multiple possible futures. That means there is a space of possibilities, and we can shape what comes next on the basis of a vision of a desired future state.
That is why hope and strategic foresight belong together. Hope is a foundation for human drive and thriving. A foresight-based approach illuminates the space of possibilities: it is not only possible, but also worth striving for, to co-create a brighter future. And we can do that through strategic tools and a mindset marked by humility, cooperation, and curiosity.
As we step into a new year, this is a good moment to pause and reflect—on what has been, on where we are now, and on where we are heading. There is wisdom in setting bold goals with foresight, and in working towards them, step by step.
Those who came before us built this country. Now it is our turn to shape what comes next—today and into the future. So how do we build our nation? With foresight and hope.
Rúni Rasmussen
Sources and relevant material:
Angela Wilkinson: Strategic Foresight Primer. European Political Strategy Centre, 2017.
Inter-Parliamentary Union: How Committees of the Future address emerging challenges. IPU, 2025.
Lasse Jonasson: How to leverage foresight to address the transformational challenges ahead? World Economic Forum, 2024.
Patricia Lustig: Strategic Foresight. Learning from the Future. Triarchy Press, 2017.