Abstract:Purpose: With just over 5 million people, Finland is Europe's largest archipelago and home of Nokia.When Finland gained independence in 1917, Finland was one of the least advanced economies in Europe....Purpose: With just over 5 million people, Finland is Europe's largest archipelago and home of Nokia.When Finland gained independence in 1917, Finland was one of the least advanced economies in Europe.Today, it is one of Europe's richest and most successful nations.In fact, according to the World Economic Forum, Finland has the world's most competitive economy. One of the secrets of Finland's success is a high level of government's investment in education and training. Finland's education system is one of the best in the world and generates people with the right skills to succeed in a modern knowledge economy. In a study analyzing the education of children in top growing nations, Finnish children had the highest overall scores. A massive 65 percent of school leavers in Finland go on to higher education. There are no fees for tuition and kindergarten. The Finns regard investment in new technology and innovation as a major priority. That's why Finland spends a higher proportion of its national income than any other nation on research and development, enabling new technologies to be brought onstream faster. This has helped to make Finland a world leader in technological innovation. Finland's economic success has allowed the country to invest more in high quality public services and a generous welfare system, which tackles poverty and inequality. Finland has the lowest level of child poverty in the world. Three percent of Finnish children grow up in poor households.Finland is one of Europe's modern success stories.Read More