Finland has a industrial economy based on abundant forest resources, capital investments, and technology. Traditionally, Finland has been a net importer of capital to finance industrial growth. In the 1980s, Finland's economic growth rate was one of the highest of industrialized countries. Finland has been among the fastest-growing economies in the European Union (EU) for several years, with GDP reaching 5.6% in 2000, fueled by the booming Nokia-led electronics industry. With an export-led recovery from a severe …
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showed last 75 words of 391 total
…the best reading literacy among OECD countries. In the mid-1970s, the educational system was reformed with the goal of equalizing educational opportunities. Beginning at age seven, all Finnish children are required to attend a "basic school" of nine grade levels. After this, they may elect to continue along an academic (lukio) or vocational (ammattikoulu) line. But most pursue vocational studies, since the number of openings in higher educational institutions is less than the demand.