Thursday, January 21, 2010

Overview of Finland's Economy

Finland is the country that I will be posting blogs about this semester regarding its macroeconomic characteristics. Finland is a Nordic country which is vast with tundra and timber forests which are located in the Northern regions of the country. The Southern region of Finland is where most of the population is clumped containing approximately 5.4 million residents. Finland is a large country and ranks eighth overall in total area amongst the Eastern European countries.
Since the 1900s, a very important attribute about Finland has been its large wooded forests in the Northern regions. Finland’s major economic focus is agricultural with forestry and timber being its main focus for economic trade and export. Due to this natural resource, Finland is a free market economy which is heavily dependant on trade from other countries in order to satisfy its economic needs. The second most popular resource in Finland is technology and large industrial timber facilities which further process wood from the forests into building materials and other goods such as paper.

cite:
http://www.nationsencyclopedia.com/economies/Europe/Finland-OVERVIEW-OF-ECONOMY.html

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