In general, the Scandinavian countries did not have the necessary military power and administrative capacity to establish and operate their own colonies. They had to ride the wave of the great colonial powers in order to enjoy the benefits offered by imperialism.

There was no difference, however, between the Scandinavian countries and the great colonial powers regarding their attitude towards colonialism. European colonialism can be seen as a unifieed whole in which large and small countries played different roles. Some managed territories and opened up markets, others provided capital, built infrastructure, or transported goods to and from the colonies. The Scandinavian countries earned large sums by navigating in the wake of the major colonial powers. The Frederiksstaden district of Copenhagen is full of mansions built with the profits made from the trade in slaves and colonial goods.

— Riding the Wave by Torkil Lauesen (Page 20 - 21)