OECD Reviews of Innovation Policy: Finland 2017
Although Finland achieved a widely acclaimed transformation to become a leading knowledge-based
economy in the late 20th century, the 2009 recession and disruptive change contributing
to a deep restructuring of the information and communication technology (ICT) industry
and the downsizing of traditional sectors have weighed on the economy, productivity
growth and international competitiveness. Numerous policy reforms have since been
undertaken, and public and private investment, especially in applied R&D, has been
cut back. Strengthening and lifting Finland’s innovation system out of a period of
uncertainty requires a coherent and unified new vision for science, technology and
innovation (STI), renewed investment and policy instruments. This vision should be
oriented towards renewal tackling societal challenges and developing new knowledge-based
competitive advantages at global scale. Success calls for better co-ordination and
co-operation among policy actors and national and regional-levels, and further internationalisation.
Published on June 09, 2017
In series:OECD Reviews of Innovation Policyview more titles