Commander of the Order of the Lion of Finland Commander of the Order of May, Argentina Member of The Royal Swedish Academy of Engineering Sciences (2000) Honorary Doctor of Economics, Stockholm School of Economics (2005) Member of The Royal Swedish Society of Naval Sciences (2006) H. M. The King's Medal, 12th size gold medal on Seraphim Order ribbon (2007) Honorary Doctor of Economics, Hanken School of Economics, Helsinki, (2009) SSE Research Award, Stockholm School of Economics Institute for Research (2010) Order of the Rising Sun, 2nd Class, Gold and Silver Star (2018) Legion of Honour, France (2019)