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The Specificities of Finnish Industrial Policy - Challenges and Initiatives at the Turn of the Century

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Author Info

  • Palmberg, Christopher
  • Ylä-Anttila, Pekka

Abstract

The Finnish experience in the 1990s represents one of the few examples of how knowledge can become the driving force in economic growth and transformation. The country’s industrial structure that was previously raw material-, energy-, and capital-intensive changed in less than a decade to primarily a knowledge-intensive on. During the first year of the 21st century Finland has topped the list in various competitiveness rankings and is also number one in OECD’s PISA studies of youth’s learning skills and educational attainment. The aim of this paper is to discuss the nature and role that industry policy has played in these developments, with an explicit focus on the specificities and recent shifts in policy thinking and implementation in Finland. We discuss the emergence of new industrial policies in Finland in the early 1990s, the main policy initiatives and measures, present the organisational landscape of these new policies, and conclude with a partial assessment of the success of policies and future challenges.

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Bibliographic Info

Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 973.

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Length: 25 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:rif:dpaper:973

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Related research

Keywords: Finland; industrial policy; innovation systems; clusters; globalization;

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  1. Koski, Heli & Rouvinen, Petri & Yla-Anttila, Pekka, 2001. "ICT Clusters in Europe. The Great Central Banana and the Small Nordic Potato," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
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Cited by:
  1. Petri Böckerman & Edvard Johansson & Ritva Prättälä & Antti Uutela, 2005. "Alcohol mortality, drinking behaviour, and business cycles: are slumps really dry seasons?," HEW 0506002, EconWPA.
  2. Luukkonen, Terttu, 2006. "Venture Capital Industry in Finland - Country Report for the Venture Fun Project," Discussion Papers 1003, The Research Institute of the Finnish Economy.
  3. Eva Heiskanen & Sirkku Kivisaari & Raimo Lovio & Per Mickwitz, 2009. "Designed to travel? Transition management encounters environmental and innovation policy histories in Finland," Policy Sciences, Springer, vol. 42(4), pages 409-427, November.

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