The growth and renewal of the modern economy is increasingly based on intangible capital, which includes, in addition to traditional research and development (R&D), software, data, brands, design, and organizational expertise and operating models. In Finland and several other developing countries, intangible investments have long been larger than tangible investments.
The accumulation and utilization of intangible capital is the key driver of Finland’s future growth, but this is not sufficiently recognized. As a result, decisions are made that are illusory and national well-being falls short of the goal. It is therefore necessary to clarify the level of intangible investment in Finland and its relationship to peer countries, and to produce concrete recommendations for policymakers to put Finland’s growth and renewal on a sustainable path.
The main goal of the project is to produce an overall view and concrete recommendations for action on why Finland has lagged behind in intangible investments and how to put Finland’s growth and renewal on a more sustainable and better path, one built more on intangible capital.
