MISUM: the Mistra Centre for Sustainable Markets

Markets are assuming ever greater importance in our deregulated and increasingly globalised society. In the past few decades Swedish markets, such as those for electricity, healthcare, telephony and pharmacies, have undergone major changes.

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What is the challenge?

Markets are assuming ever greater importance in our deregulated and increasingly globalised society. In the past few decades Swedish markets, such as those for electricity, healthcare, telephony and pharmacies, have undergone major changes.

Much knowledge is still lacking on how individual markets function — knowledge that could help to influence the markets in a sustainable direction. Markets are governed by statutes and policy instruments, but they are also shaped in complex connections among a long series of stakeholders: politicians, public agencies, companies, interest organisations and private individuals, at local, national and global level. To find new solutions and tools capable of contributing to greater sustainability in markets, and simultaneously strengthening Swedish competitiveness, we must understand the markets better than we do today.

How can the programme contribute to a solution?

In the long term, the intention is for MISUM to become an established international centre of high quality, serving to enhance understanding of sustainable markets and as a meeting place for researchers, decision-makers and companies. MISUM is under the aegis of the Stockholm School of Economics but will be run in collaboration with a range of other institutions both in and outside Sweden.

Researchers from numerous fields will collaborate at MISUM. These fields include business administration, social sciences, law, psychology and natural sciences. The research is being organised in three ‘platforms’:

  • Organisation of sustainable markets
  • Organisation of sustainable financial markets
  • Socioeconomics and policy.

The research will be oriented towards developing practical, useful tools. The research projects conducted at MISUM will therefore be initiated and shaped in dialogue among researchers, the business sector, decision-makers and other market stakeholders.

Who will benefit from the results?

MISUM will provide knowledge and practical tools relevant to the various market stakeholders: researchers, decision-makers in the business sector, politicians, public agencies and organisations of various kinds.

My experience is that none of us can come up with the solutions on our own. That’s why it’s important for us to generate collaboration to successively find ways forward. Activities at MISUM must reflect a balance among the business sector, politicians and the academic world.’

Björn Stigson, Chair of MISUM and former President of the World Business Council for Sustainable Development