Criteria: Business, environment and innovation in Finland
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International Comparison
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International comparison on the Finnish business environment. Invest in Finland's marketing materials.
Transcript of Criteria: Business, environment and innovation in Finland
International Comparison
2
Business Environment
and Innovation
Cost of capital
Cost of capital encourages business development (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7 8
Transparency
Transparency of government policy is satisfactory (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7 8
Corruption Perceptions Index (CPI)
The corruption perceptions index (1=high; 10=low), 2011
Source: Transparency International Corruption Perceptions Index 2011http://cpi.transparency.org/cpi2011/
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7 8 9 10
Ease of doing business
Ease of doing business is supported by regulations (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7
Number of procedures required to start a business
Number of procedures required to start a business, 2010
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 2 4 6 8 10 12 14
Time required to start a business
Number of days required to start a business, 2010
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 5 10 15 20 25 30 35 40
Bureaucracy
Bureaucracy does not hinder business activity (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7
Foreign investors
Foreign investors are free to acquire control in domestic companies (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7 8 9 10
Total tax rate
Combination of profit tax (% of profits), labor tax and contribution (% of profits), and other taxes (% of profits, 2010)
China
The USA
Germany
Sweden
Finland
0 10 20 30 40 50 60 70
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
Easy of accesses to loans
How easy to get a bank loan with only good business plan and no collateral (1=very difficult; 7=very easy), 2010–2011, weighted average
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5
Venture capital availability
How easy is it for entrepreneurs with innovative but risky projects to find venture capital? (1=very difficult; 7=very easy), 2010–2011, weighted average
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5
University-industry collaboration in R&D
To what extent do business and universities collaborate on research and development (R&D) in your country? (1 = do not collaborate at all; 7 = collaborate extensively), 2010–2012, weighted average
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6
Source: World Bankhttp://data.worldbank.org/indicator/GB.XPD.RSDV.GD.ZS
R&D investments (as % of GDP), 2010
15
China
The USA
Germany
Sweden
Finland
0 0.5 1 1.5 2 2.5 3 3.5 4
Quality of the educational system
How well does the educational system in your country meet the needs of a competitive economy? (1 = not well at all; 7 = very well), 2010–2011, weighted average
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6
Language skills
Language skills are meeting the needs of enterprises (1=worst; 10=best), 2012
Source: IMD World Competitiveness Yearbook, 2012http://www.imd.org/research/publications/wcy/World-Competitiveness-Yearbook-Results/#
China
The USA
Germany
Sweden
Finland
0 1 2 3 4 5 6 7 8 9
Global competitiveness- Score and Rank in the Global Competitiveness Index (2011-2012)
Country Score RankFinland 5.47 4Sweden 5.61 3Germany 5.41 6The USA 5.43 5
Source: The Global Competitiveness Report 2011-2012, World Economic Forum (WEF)http://www3.weforum.org/docs/WEF_GCR_Report_2011-12.pdf
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