I still don't understand, if it's not broken and has all the factors that supports growth Then why Finland's economy is underperforming or why does it look like it's stagnant ?

@economicsinaction

Жыл бұрын

In short, exports have stagnated because of a lack of growth in productivity in relation to other Eurozone countries and a reliance on certain corporate demand which has also stagnated, this led to internal devaluation to make the economy more competitive again. This was also reported by the World Economic Forum at the time back in the mid-2010s. However, since 2015 (like shown in the video) things have turned around but a scar has been left on the economy :)

one point is that all other Nordic countries have own currency, Finland use euro, which does not support exporting; Finland have quite non-flexible economy, so it would have helped to have flexibility at least in currency, .. liike Sweden has, .. also cut of Russian trade have had impacts, ..

@yourass7934

3 ай бұрын

losses in billions of dollars from the fins due to sanctions against Russia!a huge number of Finnish companies in Russia! also, the Finnish economy is very heavily dependent on the export of goods to Russia, the rejection of Russian energy resources raised electricity prices, Finns also bought wood from Russia, and Finnish ports lost the lion's share of revenues from transit to Europe of Russian diesel fuel, huge losses!!!

@hlusmisha

Ай бұрын

@@yourass7934 There is an expression in Russia: "shoot yourself in the foot"

🇫🇮 Great video. Any way to seet sources in next video.

@economicsinaction

11 ай бұрын

Thanks for the comment! Working on making sources visible for all :)

Is it possible that Finland is a country that has smoothed the boom and bust cycle a bit better than other countries? Because what I see is a country that's growing, albeit not extremely quickly given the periods of time under observation. It would be interesting to see how the 2008 crises affected Finland as compared to other nations. Did they experience less of an economic impact?

@turpasauna

21 күн бұрын

Many say we've been stagnant ever since 2008.

Finland produces investment goods, not consumer goods. Therefore it is more vulnerable to global stagnation and recessions.

Drop us a Finnish flag below to show your support! 🇫🇮

@infoprovider4844

Жыл бұрын

🇫🇮

@hilestoby2628

11 ай бұрын

🇫🇮 Great video. Any way to see sources links in the next video?

@Mizar4

10 ай бұрын

🇫🇮🇫🇮

@SilverGamingFI

9 ай бұрын

🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮🇫🇮 greetings from Suomi, the land of the Finns

does it really matter if quality of life for these people is still among the highest in the world?

@economicsinaction

Жыл бұрын

The chances are that yes it does matter. Many policies that help contribute to the happier society that Finland has derive their feasibility from the economic capacity of the state. If the economy stagnates the state may not be able to afford some of these policies therefore having a potential negative impact on the happiness of the country :)

@Homer-OJ-Simpson

Жыл бұрын

If you are not worried about the future, it does not matter. But if you want to keep supporting those safety nets and welfare, then you need growth.

@--julian_

Жыл бұрын

@@economicsinaction but what about Japan? it's economy has been stagnant since the 90s and they seem to be just as good as before. in fact better than most people in many countries. I feel like infinite growth is not feasible. also isn't stagnation better than decline?

@economicsinaction

Жыл бұрын

Japan is an interesting example. It has stagnated for a few decades now but it does innovate a lot, which has helped maintain living standards. Not everything is great in Japan though, working hours are longer than in Western Europe and Finland which you could argue has had an impact on happiness levels. If growth had been stronger you could argue that the Japanese could still live their lifestyles of today but have reduced their working hours by 100 or 200 hours throughout the year thanks to the increase in productivity per worker. Happiness is hard to measure but in an environment where growth is often needed to generate enough job opportunities, which often keeps a population happy, then some level of economic growth on a per capita basis is needed :)

@Homer-OJ-Simpson

Жыл бұрын

@@--julian_ Japanese are having to work longer and longer hours. In addition, women are increasingly having to enter the workforce. Japanese take the fewest vacation/holiday days of all advance economies. Even if infinite growth isn't feasible, slower growth or declining economy (all else equal) will mean more a worse situation than a increasing or flat growth rates.

P r o m o S M

🇫🇮🇫🇮🇫🇮🇫🇮

Very little immigration with little low skilled immigration.

@turpasauna

21 күн бұрын

Too much mass immigration from 3rd world countries.

losses in billions of dollars from the fins due to sanctions against Russia!a huge number of Finnish companies in Russia! also, the Finnish economy is very heavily dependent on the export of goods to Russia, the rejection of Russian energy resources raised electricity prices, Finns also bought wood from Russia, and Finnish ports lost the lion's share of revenues from transit to Europe of Russian diesel fuel, huge losses!!!

@tompowers4013

Ай бұрын

Exactly! Amen! 100% truth! That is exactly what has happened! I am living here and this is what happened! You are 100% correct!

@yourass7934

Ай бұрын

@@tompowers4013 RLY? i was joking )))