“For decades, Finland’s wealth has been underpinned by an economy that is based on exports and industry. Globalisation has now changed the geography of industrial production and we are transitioning from production-based activities to a service economy focused on people and solutions. This transition requires a totally new way of thinking,” says Sari Baldauf, Chair of Sitra’s Wellsprings of Finnish Vitality development programme.
The concept of a service economy focused on people and solutions means that today’s growth engines are no longer those on which Finland’s success has been built. In order to succeed, industrial and social institutions are increasingly having to create new service solutions and products for their operations, and ones based on users’ needs.
These changes will affect how we perceive economic growth, well-being, as well as the way people live and work. The impact of the changes will be so great that it would be fair to talk of a cultural transformation.