Factors that Contributed to the High Level of Finland´s Competitiveness
|Author:||Bc. Marek Lněnička|
|Year:||2004 - summer|
|Leaders:|| † prof. Ing. Luděk Urban CSc., Jean Monnet Professor
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||This paper assesses how Finnish competitiveness has evolved in the past few years and how well it has been able to succeed in practice. It sets out to analyse Finnish competitiveness in an international context and comparasion, mainly based on number of OECD surveys It also considers historical backround and recent economic development of Finland . The competitiveness and economic performance is outlined mainly thorough an analysis of standard of living, productivity, industrial structures, the stability and dynamism of the Finnish economy, the level of education of the labour force, an advanced science and technology environment, labour market functioning, the infrastructure of the country, the level and structure of taxation and business environment. The last one is focused mainly on innovation environment and labour market. These are areas which have been highlighted in recent international competitiveness comparasions published annually by WEF and IMD. It also takes into account goverment policies connected with competitiveness
Finnish competitiveness is of a high standard. Recent international comparisons of competitiveness have placed Finland to the top among the leading countries in the world, although depictions of competitiveness based on a single indicator are somewhat problematical for many reasons. Productivity has increased rapidly and production has been developing towards hi-tech structures in recent years. Finnish innovation activities is advanced and the innovation activities and support systems are efficient.
It looks at key aspects of the operating environment for Finnish companies and highlights those factors on which Finland’s future competitiveness will primarily depend. Special attention is devoted to the education sector, the labour market, taxation, the technology environment and infrastructure. At the end, it also makes an effort to outline the brief analyse of possible areas from finnish case in which czech economists should be interested for the sake of improving czech competitiveness and calls attention for possible risks.