This greatly reduced the exposure of the Finnish economy to the ICT asset price bubble at the turn of the century, as much of the risks were born by foreign investors. (7)  Established social dialogue  Finland is one of the countries where institutionalized social dialogue between labour unions, employers’ organizations, and the government has a major role.
This dates back to the late 60’s and 70’s when the Finnish labour market was quite restless because of political fighting between Social Democrats and Communists over the control of the unions. Also, better control of inflationary wage claims was seen as vital because of the recurrent balance of payments and competitiveness problems of the Finnish economy at the time.