They have high taxes rates (45%) and one of the most egalitarian countries in the world.
So why does it work?
HELSINKI, FINLAND ÃƒÂ¢Ã¢â€šÂ¬Ã¢â‚¬Å“ Fifty years ago, Finland was known for little more than the wood pulp from its endless forests. A poverty-stricken land of poorly educated loggers and farmers on the edge of the Arctic Circle, few paid it any attention.
Today, this small Nordic nation boasts a thriving hi-tech economy ranked the most competitive in the world, the best educated citizenry of all the industrialized countries, and a welfare state that has created one of the globe’s most egalitarian societies.
Envious policymakers from far and wide are beating a path to Helsinki to learn the secrets of Finland’s success.
“We have a saying here,” chuckles Stefan NygÃƒÆ’Ã‚Â¥rd, a university lecturer, as he swings his baby daughter gently, soothing her to sleep. “If you are Finnish, you’ve won the lottery.”