The international competitiveness of the Finnish economy in the light of international rankings and economic recommendations of OECD  Cover Image

Międzynarodowa konkurencyjność gospodarki fińskiej w świetle międzynarodowych rankingów i ekonomicznych rekomendacji OECD
The international competitiveness of the Finnish economy in the light of international rankings and economic recommendations of OECD

Author(s): Dawid Kościewicz
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: international economy; Finland; international competitiveness; innovation

Summary/Abstract: The aim of the paper is to present and analyze the changes of competitive position of Finland, in the light of a few main rankings of international competitiveness and innovation of national economies. The paper uses the terms of competitive position and competitive ability, to discuss both the state of Finnish competitiveness, and the perspectives of its improvement. The chosen rankings are The Global Competitiveness Report published annually by World Economic Forum (WEF), The World Competitiveness Yearbook made by analytics from International Institute for Management Development (IMD) in Lausanne, and Innovation Union Scorecard, made under the auspices of the European Commission (EC). The three rankings are complementary, because they treat the issue of competitiveness from a diffent point of view. In the artice there was used OECD report Economic Surveys: Finland 2014, to compare the assessments and recommendations for Finland with the previously desribed issue of competitiveness (following the WEF methodology) and the changes of competitive position of Finnish economy in the years 2009-2014. The WEF ranking metho-lodogy, based on 12 pillars of competitiveness, is compared to economic recommendations of OECD for Finland, to indicate recommendations that are the most important for the improvements of the Finnish competitive ability. The article ends with the following conlusions: in the years 2009-2014 Finland sustained a high competitive position, the main engine of Finnish competitiveness is innovation, Poland should learn from the Finnish example how to improve international competitveness by developing economy based on knowledge and innovation.

  • Issue Year: 2015
  • Issue No: 06
  • Page Range: 95-105
  • Page Count: 11