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:

    No delusion is greater than the notion that method and industry can make up for lack of mother-wit, either in science or in practical life.
    Thomas Henry Huxley (1825–1895)

    Do not put off your work until tomorrow and the day after. For the sluggish worker does not fill his barn, nor the one who puts off his work; industry aids work, but the man who puts off work always wrestles with disaster.
    Hesiod (c. 8th century B.C.)

    He had much industry at setting out,
    Much boisterous courage, before loneliness
    Had driven him crazed;
    For meditations upon unknown thought
    Make human intercourse grow less and less....
    William Butler Yeats (1865–1939)