|
Finland SERVICES
Although the Finns continued to place a high value on
agricultural and industrial employment, by the 1980s the
economy
had already entered an era characterized by the
development of
services. While in 1950 services accounted for only 35
percent of
total domestic output, the sector provided over 55 percent
in
1985. The postwar development of a welfare state
stimulated
growth in the state sector, and other activities, such as
financial and engineering services, expanded as the
economy
industrialized
(see Welfare Services
, ch. 2). Services
traditionally remained insulated from international
markets, but
during the 1980s the government encouraged the development
of
service exports and even allowed foreign enterprises to
enter
such previously protected markets as those in financial
services.
In line with this liberalization, the government repealed
regulations that hampered the working of markets in
services,
causing the important branches of the sector to become
efficient
enough to compete in world markets.
Data as of December 1988
|
