Abstract:
The article is devoted to the analyses of how knowledge can become the driving force in economic transformation and growth on the example of Finland. Although as recently as the 1970s Finland was relying mainly on resource-intensive industries, it is now the most ICT specialized economy in the world. The Finnish experience shows that it is possible to make significant structural changes in a relatively short time. It is also shows that long-term decisions that shape research and education are possible, and indeed necessary, during short term economic crisis, since they provide guidelines for longer-run growth and help create a sustainable competitive edge.
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