Thursday, 22 March 2007

SWOT: Business & the Economy


  • Metropolitan area centre of Finnish economic activity.
  • Rapid economic growth has put Finland in a strong economic position. 15 richest countries in the world.
  • Strong innovation based economy.
  • One of the world’s most competitive economies.
  • Lowest inflation rate in Europe.
  • Belief in the power of social capital and cooperation is a major competitive advantage.
  • One of the world’s most advanced countries in terms of exploiting the potential of IT.
  • Continued investment from public and private sector in R&D.
  • Cooperation between universities and private sector R&D.
  • Continued investment in education and training.
  • World leader in mobile communications technology.


  • Remote location and small population have historically been economic challenges.
  • High rate of unemployment.
  • High consumer prices


  • Technological advances removing barriers to international trade.
  • A global example that a commitment to social equality need not disadvantage a country’s economic performance.
  • Projected growth of biotechnology sector centred on Viikki.


  • Increasing inequality in levels of personal income.
  • Dominance of the communication sector leaves economy vulnerable to downturn.
  • House price volatility has damaging affect on wider economy.
  • Aging population a challenge for continued income growth.


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