Finland’s success is unsurprising. The country’s strategy was based on the recognition that, if foreign investment is liberalized too early (Finland was one of the poorest European economies in the early-20th century), there will be no space for domestic firms to develop independent technological and managerial capabilities. It took Nokia 17 years to earn any profit from its electronics subsidiary, which is now the biggest mobile phone company in the world.-BAD SAMARITANS
Posted on: Sat, 01 Nov 2014 20:39:26 +0000
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