Many of the challenges posed by globalisation cannot be solved by any one country or region on its own and required a co-ordinated, multilateral approach. Given the similarities shared by the Nordic countries, it is natural to seek joint solutions. Core strengths, common values and a well-developed knowledge infrastructure provide the Nordic Region with a superb opportunity to lead the way in drawing up model solutions for global challenges, and to position itself in the face of fierce competition.The Region's rich resources include its peoples, their knowledge, competencies, creativity and cultural heritage. This is one of the keys to the Region's competitiveness, its high employment rates and growth, its welfare provisions and its efforts to promote global sustainable development.The June 2007 meeting of Nordic Prime Ministers represented the firsts step in revamping Nordic co-operation to meet the challenges of globalisation. A joint Nordic approach to globalisation will supplement and generate synergies with work done under EU auspices and with the partnerships the Region enjoys with its neighbours. Specific proposals for joint Nordic action were presented at the meeting. Many of the major issues raised in the globalisation debate require further analyses and discussion, and decisions will need to be made on them at a later date.