Technology industry is bouncing back, but there is a lot of catching up to do. Finland’s GDP would be EUR 40 billion higher today had it grown at the same pace as Sweden’s. Health technology company Planmeca Group invests in its own R&D and manufacturing in Finland.
Europe still has competitive manufacturing industry and a leading position in most of the key enabling technologies needed for the factories of the future.
The industry’s long awaited return to growth is happening. In Finland, concerns over the modest development of exports remain. Major projects brighten up the economic outlook, but Finland needs more to catch up with competitors. Export-led labour market model is required to support growth. Companies such as Robit Plc seek productivity growth from digitisation.
A global price for carbon emissions would enable trade in emissions rights between different countries and economic areas. Both more stringent global climate targets and emissions markets encourage businesses and states to invest in cleantech.