Monday, June 26, 2006

Are Finnish Companies Competitive?

Lots of people are sceptical that companies that have to comply with strict labour laws in a welfare state like Finland cannot be competitive. It must have come as a bit of a shock to them to read this morning's Helsingin Sanomat and to find out that Finland's biggest companies experienced Chinese levels of growth last year - at around 10%.

This actually wouldn't come as a surprise to anyone who keeps up with these things. In fact Europe's largest companies have performed similarly to their US counterparts for some time. The difference has always been the SMEs, where the US outperforms Europe by some way.

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