The Conditions and Consequences of Knowledge-Based Economy
on the Example of Finland Cover Image

Uwarunkowania i konsekwencje gospodarki opartej na wiedzy na przykładzie Finlandii
The Conditions and Consequences of Knowledge-Based Economy on the Example of Finland

Author(s): Halyna PETRYSHYN
Subject(s): National Economy, Socio-Economic Research
Published by: OFFICINA SIMONIDIS. Wydawnictwo Uczelni Państwowej im. Szymona Szymonowica w Zamościu
Keywords: Finland; education system; Finnish economic miracle; knowledge-based economy;

Summary/Abstract: Finland ranks as the most competitive economy in the world. It has occupied the first position inthe ranking of the World Economic Forum for the last few years. The Finnish economic miracleis a phenomenon, and it still compels admiration among economists around the world. In orderto better know and understand the factors that have led to the creation of the Finnish economicmiracle, it is necessary to know the history of the development of the Finnish economy. The aimof the article is to try to answer the question of how such a small Scandinavian country has trans-formed its economy into a hothouse of innovation and what path to prosperity it has chosen. In hisresearch, the author concentrates on the history of the development of the Finnish economy fromthe end of World War II to the present day. The economic crisis that started in the late 1980srevealed a number of challenges and threats faced by the Finnish economy. It became an impor-tant test of the mechanisms of the country’s new economic policy. It was also an indicator of theeffectiveness of the actions taken to mitigate the effects of the crisis and restore economic stability.

  • Issue Year: 16/2023
  • Issue No: 2
  • Page Range: 363-380
  • Page Count: 18
  • Language: Polish
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