Economic policy from an evolutionary perspective: the case of Finland

Ron Boschma (r.a.boschma@uu.nl) and Markku Sotarauta

No 509, Papers in Evolutionary Economic Geography (PEEG) from Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography

Abstract: In the last decade, the Finnish economy has shown an unprecedented recovery, after being hit by a deep crisis in the early 1990s. The paper views and interprets this successful transformation process based on ICT from an evolutionary perspective. Although the rapid pace of the restructuring of the Finnish economy suggests a break with the past, this remarkable recovery was firmly rooted in its economic history. In addition, Finnish public policy played its role in turning Finland into a knowledge economy. Although a master plan for the Finnish economy was lacking, many policies worked out quite well together over an extended period. Building on education, research and technology policy initiatives taken in the 1970s and 1980s, the deep economic crisis in the early 1990s paved the way for new policy directions, with a focus on network-facilitating innovation policies.

Keywords: evolutionary economics; economic geography; innovation policy; Finnish economy; Finnish policy; ICT cluster (search for similar items in EconPapers)
Pages: 32 pages
Date: 2005-08, Revised 2005-08
New Economics Papers: this item is included in nep-edu, nep-evo, nep-ino, nep-pke and nep-tid
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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http://econ.geo.uu.nl/peeg/peeg0509.pdf Version 15 August 2005 (application/pdf)

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Journal Article: Economic policy from an evolutionary perspective: the case of Finland (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:egu:wpaper:0509

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