The position of smaller countries in global competition has changed significantly. Financial integration as well as sinking communications, computing, and transportation costs have reduced the relative disadvantage of size. On the down side the competition among various locations around the world has intensified. Whether or not it is acknowledged, all regions participate in global competition. Even though economic integration and globalisation have reduced the range of policy options, public decision-making has nevertheless an important role to play. Depending on the characteristics of the nation-state, quite different strategies may be chosen. The book considers the determinants of competitiveness and strategic options in the new “borderless” world. Finland is used as the primary example.