Embracing the Knowledge Economy : Edward Elgar Publishing : 9781843763079 : 1843763079 : 25 Mar 2004 : Globalization, new technologies and evolving organizational and management models pose a significant challenge to industrialized countries. Instead of relying on the traditional techno-organizational paradigm, they have had to search for new development paths to ensure further growth and social welfare. Finland is one of the few nations that has been able to meet this challenge successfully and, as such, can be regarded as a model case study from which other countries can learn how to manage this fundamental transition process. In an astonishingly short period of time, Finland has developed into one of the world's leading knowledge societies whilst retaining a comprehensive welfare state. The book traces this rapid transformation from a resource-based to a knowledge-based society. The authors describe the country's strengths and weaknesses in the new economy and demonstrate how Finla