08.09.2011

Finland ranked fourth in Global Competitiveness Report

Finland’s strengths include innovation, higher education and training and transparent and well-functioning institutions.

The Global Competitiveness Report is based on scores for 12 pillars of competitiveness, namely institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size and business sophistication.

According to the World Economic Forum, the concept of competitiveness involves static and dynamic components: although the productivity of a country determines its ability to sustain a high level of income, it is also one of the central determinants of its returns to investment, which is one of the key factors explaining an economy’s growth potential.


Source: World Economic Forum