Finland as a Knowledge Economy : Elements of Success and Lessons Learned
In the early 1990s, Finland went through watershed developments due to a severe economic recession, during which unemployment rates rose from around 2 percent to over 15 percent and GDP decreased by more than 10 percent. However, in one decade Finl...
| Main Authors: | , , |
|---|---|
| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2006/01/7521569/finland-knowledge-economy-elements-success-lessons-learned http://hdl.handle.net/10986/7138 |
| Summary: | In the early 1990s, Finland went through
watershed developments due to a severe economic recession,
during which unemployment rates rose from around 2 percent
to over 15 percent and GDP decreased by more than 10
percent. However, in one decade Finland became the most
ICT-specialized economy in the world. Three times it has
ranked number 1 in the World Economic Forum's (WEF)
competitiveness index. It also ranked highest in the
OECD's Program for International Student Assessment
(PISA) studies of learning skills and educational
attainment. This paper includes the following headings:
introduction; Finland's knowledge economy today;
structural changes in the Finnish economy - from agriculture
to high-tech; changes in the economic and institutional
regimes; innovation and education strategies and policies in
Finland; sectoral perspectives on the Finnish knowledge
economy -- from forest-related industries to ICT; challenges
to the Finnish knowledge economy -- what's ahead; and
conclusions and lessons from Finland's knowledge
economy for other economies. |
|---|