The Power of Research

Almost two decades ago, Finland entered a horrible period of economic stress. Starting in 1990, despite a decade of investment in which the Finnish government made a concerted effort to refocus the nation toward high technology and modern industries, a global economic downturn caused Finland to enter a deep recession. From 1990 to 1993, gross domestic product fell more than 10%, 400,000 jobs were lost, and unemployment rose from 3.5% to 20%.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.