JAMK Centre For Competitiveness

enhanching competitiveness and prosperity

Tag Archives: Finland

Webinar on Building Educational Competitiveness

By Murat Akpinar

A webinar on the education system of Finland and its impacts on the country’s competitiveness was delivered by Ari Pokka, President Elect of the International Confederation of Principals, and Harri Keurulainen, Head of Department, Teacher Education College, JAMK on Dec 18, 2013. Finnish education system has proven to be one of the best in the world. In this webinar the reasons behind this success story were discussed.

The recording of the webinar is available athttps://connect.jamk.fi/p38242631/

Finland: a business paradise

By Irina Starovoytova

Finally Finland is officially recognized as a paradise for business. According to the Grant Thornton Global Dynamism Index (Oct., 2012) Finland is second best country in the world for dynamic growing businesses. It is ahead of Sweden, Israel, Austria, Australia, Switzerland, South Korea, Germany and United States. Best of best is one of the Asian Tigers – Singapore.

Criteria for evaluation were chosen on the basis of expert analysis. In business operating environment Finland took the leading position. Science and technology and financing environment were also estimated high, whereas in such indicators as labor and human capital, and economics and growth it was far behind of fast growing Argentina, Uruguay, China and surprisingly (?) the Slovak Republic, even not appearing among the first ten.

Stephen Chipman, chief executive officer of Grant Thornton LLP says about the survey “Rather than provide a measure of an economy’s success during a period of high economic turbulence, this iteration provides a true illustration of the strength of each economy as a place for dynamic businesses to flourish.”

Read more in the official report on Global Dynamism Index 2012 from the below link:

http://www.gti.org/files/gdi2012%20-%20final%20report.pdf

Finland ranked as the 3rd competitive economy in the world – how about Central Finland?

By Hanna-Maija Kiviranta

JAMK

Hanna-Maija Kiviranta

We are doing excellent! Finland moved up one place in World Economic Forum’s Global Competitiveness report reaching the 3rd position in the list of the top 10 competitive economies in the world.

According to the World Economic Forum’s Global Competitiveness Report 2012-2013, Finnish economy has had small improvements in a number of areas. Finland occupies the top position both in the health and primary education as well as in the higher education and training thanks to strong focus on education over recent decades. This has provided the workforce with the skills needed to adapt rapidly to a changing environment and has laid the groundwork for high levels of technological adoption and innovation.

We are one of the most innovative countries in Europe, ranking 2nd, behind only Switzerland. Improving our capacity to adopt the latest technologies (ranked 25th) could lead to important synergies that in turn could corroborate Finland’s position as one of the world’s most innovative economies. (Source: The World Economic Forum’s Global Competitiveness Report 2012-2013)

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Finland’s Transition to a Knowledge Economy

Pekka Ylä-Anttila

By Pekka Ylä-Anttila

Original news available at http://www.etla.fi/eng/index.php?did=1390

For anyone interested in economic change, Finland is an interesting case for two reasons. First, Finland has transformed itself in a relatively short period from a resource-intensive economy into a knowledge-based one. Second, the transformation coincided with major macro economic crisis in the early nineties – recovery from a deep recession and major structural transformation took place simultaneously. Among the OECD countries Finland is one of the late industrializing ones. Industrialization process really took off in the latter part of the nineteenth century, but the income per capita level remained roughly one half of that in the Great Britain – the leading economy at that time.

Still, during the post war decades, up the 1960s, Finland was in the catching–up phase of development — relying mainly on imported technologies and abundant forest resources. Physical investment intensity was among the highest in Europe, and foreign trade, financial markets and capital movements were heavily regulated.

Today, Finland is not only one of the most open economies in the world, but also one of the leading knowledge-based economies. Research and development expenditure in relation to GDP is one of the highest in the world – about 3,5 %. Higher education enrollment is well above the OECD average; number of researchers in relation to population is higher than in any other country. During the 1990s the economy oriented heavily towards ICT (information and communication technologies), and by the end of the decade the country was the most ICT specialized economy in the world.

Finland has been ranked top in virtually all international comparisons measuring competitiveness, or knowledge economy developments — including World Bank Knowledge Economy Index, and OECD’s Student Assessment tests (the so called PISA studies). This transition to knowledge economy is quite remarkable especially when considering Finland’s economic situation in the early 1990s. The country went through a severe economic recession characterized by a major banking crisis, unemployment rates rising over 15 percent, and the accumulation of government debt from modest levels to over 60 percent of GDP and approaching international lending limits. However, by the end of the decade the country’s macroeconomic performance was among the strongest in Europe. The rapid structural transformation coincided with fast improving of macro balances.

The Finnish experience shows that it is possible to make significant structural changes in a short time — as long as there is a real sense of urgency, supporting institutions, and political consensus of what needs to be done. What has actually happened in Finland between the early nineties and today? Can we explain it, are there any lessons to be learned?

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