Economic policy from an evolutionary perspective: the case of Finland
AbstractIn the last decade, the Finnish economy has shown an unprecedented recovery, after being hit by a deep crisis in the early 1990s. The paper views and interprets this successful transformation process based on ICT from an evolutionary perspective. Although the rapid pace of the restructuring of the Finnish economy suggests a break with the past, this remarkable recovery was firmly rooted in its economic history. In addition, Finnish public policy played its role in turning Finland into a knowledge economy. Although a master plan for the Finnish economy was lacking, many policies worked out quite well together over an extended period. Building on education, research and technology policy initiatives taken in the 1970s and 1980s, the deep economic crisis in the early 1990s paved the way for new policy directions, with a focus on network-facilitating innovation policies.
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Bibliographic InfoPaper provided by Utrecht University, Section of Economic Geography in its series Papers in Evolutionary Economic Geography (PEEG) with number 0509.
Length: 32 pages
Date of creation: Aug 2005
Date of revision: Aug 2005
evolutionary economics; economic geography; innovation policy; Finnish economy; Finnish policy; ICT cluster;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-01-01 (All new papers)
- NEP-EDU-2006-01-01 (Education)
- NEP-EVO-2006-01-01 (Evolutionary Economics)
- NEP-INO-2006-01-01 (Innovation)
- NEP-PKE-2006-01-01 (Post Keynesian Economics)
- NEP-TID-2006-01-01 (Technology & Industrial Dynamics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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