The Arctic and the developments occurring in the region has raised considerable international awareness over the last years. This region has gone from being mostly unknown to becoming the most sought after region among the international actors.

The climate change has caused a change in the region, where the ice is melting creating new shipping routes combining other continents than before. Research done in the region shows a significant amount of undiscovered raw resources, such as oil, mineral and gas. The fisheries routes are changing and the new shipping lanes can further enhance the tourism industry. Thus, there are many opportunities in the Arctic region just waiting to be discovered.

The small countries the Faroe Islands, Iceland and Greenland are geopolitically situated within the Arctic region, and Greenland is the main country of interest for resource exploitation. As these are small countries they might have difficulty in dealing with the international interest in the regino, especially to turn it into their advantage. Therefore it is interesting to examine if these small countries will stand stronger together against the bigger actors trying to get a foothold in the Arctic region.

In order to get an indication of whether the Faroe Islands, Iceland and Greenland are interested in cooperation and how enhanced cooperation can be perceived, it is important to look at the history first knowing that these countries have been colonized, and some still are. Regarding cooperation it will be relevant to examine the cooperation these countries already have and put it in the notions of liberal institutionalism and regionalism to get an indication of what works best for them. This will to a large extent be put in an Arctic perspective, as it is cooperation in the Arctic that is examined.

After outlining the existing cooperation of the Faroe Islands, Iceland and Greenland, they will be looked at in more detail. Qualitative research with an analytical approach will be utilized throughout the thesis when using extensive data research in order to get to a conclusion

After examining all these different factors in detail and outlining the similar interests and goals of the Faroe Islands, Iceland and Greenland, the conclusion is that in this Arctic development and the with the geostrategic position of these countries, enhanced will be beneficial and also very likely.