Balancing east and west: Evidence from Finland’s regional GDPs, 1880–2010

• During the last two centuries, Finland has undergone a dramatic transformation: from one of Europe’s poorer and more peripheral countries, to a fast-growing high-tech economy. Finland has proven successful in reaping the benefits of openness to trade by moving up the value-added ladder. The country went from being a supplier in furs and tar in the pre-industrial era, to industrializing by exporting sawn goods, pulp and paper. In the post-war period, a definite transition to high-value-added exports took place, with companies such as UPM (bio-and forest industries), Kone (elevators and escalators) and Nokia (mobile telephony) reaching world recognition.

Ämnesord

SAMHÄLLSVETENSKAP  -- Ekonomi och näringsliv -- Ekonomisk historia (hsv//swe)

SOCIAL SCIENCES  -- Economics and Business -- Economic History (hsv//eng)

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