Physical Sciences and Mathematics Commons^™

Finland's Economic Freeze, Shivang Mehta

Claremont-UC Undergraduate Research Conference on the European Union

Abstract

The Eurozone sovereign debt crisis has been well documented and so has Germany’s booming manufacturing economy but these events are relatively easy to explain. Greece’s troubles can easily be traced to its social security structure and lack of land registry while Germany’s success is a result of labour reforms, an undervalued currency and an emphasis on small scale businesses which form the backbone of the economy. A relatively paradoxical case has been that of Finland; ranked second for global innovation by the World Economic Forum and with over $1.8 billion being invested by the government in the country’s tech …