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


Acronyms and abbreviations
Executive summary
Overall assessment and recommendations
Macroeconomic and framework conditions for innovation in Finland
Innovation capabilities and performance in Finland
The role of public research institutions in the Finnish innovation system
Business sector innovation challenges in Finland
Innovation policy and governance in Finland
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