Economy of Finland - Industry

Industry

From the 1990s, Finnish industry, which for centuries had relied on the country's vast forests, became dominated by to a larger extent by electronics and services, as globalization lead to a decline of more traditional industries. Outsourcing resulted in more manufacturing being transferred abroad, with Finnish-based industry focusing to a greater extent on R&D and hi-tech electronics.

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Famous quotes containing the word industry:

    Whatever I may be, I want to be elsewhere than on paper. My art and my industry have been employed in making myself good for something; my studies, in teaching me to do, not to write. I have put all my efforts into forming my life. That is my trade and my work.
    Michel de Montaigne (1533–1592)

    For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull.
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    He had much industry at setting out,
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    For meditations upon unknown thought
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    William Butler Yeats (1865–1939)