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In an environment with ever-increasing interdependence, volatility and complexity, European welfare states face unprecedented problems on multiple levels and have seemingly become prisoners of the successful “industrial age” governance model. Today, old-style governance approaches no longer meet the needs of societies. Thus, the authors of this paper suggest alternative governance approaches for the future and present examples and give advice on how the new approaches can be adopted.
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The root cause of Finland’s economic problems lies in the private sector
A recent analysis commissioned by Sitra and conducted by Professor Emeritus of Economics Matti Pohjola reveals that low productivity in the business sector is the greatest challenge facing Finland’s economy. The country’s economic downturn is not primarily caused by the public sector, a lack of investment, weak cost competitiveness or sluggish export demand.
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