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Thu 10 Oct 2008Ireland should imitate Finland's rescue via education and R&D
Back in the 1990s, the Nordic country went through a crisis similar to what we are facing. Investment in education and R&D were vital in turning around their ailing economy, writes Sheelagh Drudy
FINLAND IS a small open economy, with a population just a bit higher than our own (at just more than five million) and a history which has some interesting parallels with Ireland's - a background of domination/colonisation by near neighbours, independence in 1917 followed by a civil war and a mainly agrarian economy at that independence.
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