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OECD Reviews of Innovation Policy: Finland 2017

image of 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.

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Innovation policy and governance in Finland

This chapter examines public sector activities that have a bearing on the Finnish innovation system. It begins with an overview of the historical evolution of science, technology and innovation policy in Finland. It then examines the main policy actors and governance arrangements. Finally, it reviews current policies in light of the observations made in the preceding chapters and concludes by identifying areas in need of policy attention.

English

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