Major economic problems in Finland
Not good – two independent studies reveal that Finland’s international competitiveness isn’t close to what we think it is, growth is major problem, investments are below the eurozone average, and Finland doesn’t even rank among the top 30 countries on research and development spending…
Antti Herlin, the chairman of Technology Industries Finland, said Wednesday that the most cited studies appearing to praise Finland’s international competitiveness had looked at the past.
A more recent study on research and development spending carried out by the UN Conference on Trade and Development (Unctad) suggests, according to Mr Herlin, that Finland does not even rank among the top 30 countries.
Mr Herlin also quoted a Deutsche Bank survey as saying that Finland’s ranking in terms of growth potential was similar to the rating given by Unctad.
“Finland does not appear to be able to procure new research and investment for its area. According to Statistics Finland, the volume of new investment has not only fallen markedly, but investment has mostly focused on maintenance investment at the expense of growth of production capacity,” Mr Herlin said.
Mr Herlin added that Statistics produced by the Organisation of Economic Cooperation and Development (OSCE) indicated that Finland had already fallen behind the eurozone average in terms of investments.




