The Success of the Finnish Model: An Economic Analysis | Zendy

Jordi Franch Parella | Zendy

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The Success of the Finnish Model: An Economic Analysis

Author(s) -

Jordi Franch Parella

Publication year - 2019

Publication title -

journal of management policies and practices

Language(s) - English

Resource type - Journals

eISSN - 2333-6056

pISSN - 2333-6048

DOI - 10.15640/jmpp.v7n1a2

Subject(s) - productivity , context (archaeology) , welfare state , economic welfare , economics , causality (physics) , inequality , welfare , work (physics) , liberalization , economic sector , public economics , economy , market economy , economic growth , political science , politics , mechanical engineering , paleontology , mathematical analysis , physics , mathematics , engineering , quantum mechanics , law , biology

Finland is considered an example of how interventionist governmental policies work and a success under many socio-economic standards. From social indicators like inequality and crime to economic indicators like productivity and innovation the Nordic country gathers near the top. We inquire into the causes of the Finnish economic success, ascertaining which is the role of the Welfare State and the public sector in it. In fact, we examine which is the relation of causality between the good socio-economic performance and the public sector. Finland is a competitive market economy that has developed a functional Welfare State within a context of liberalisation and free choice. In this paper, we research the causes of this successful model.

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