Japan or the UK in the beginning of 1970s. Initially, most development was based on two broad groups of export-led industries, the "metal industry" (metalliteollisuus) and "forest industry" (metsäteollisuus). The "metal industry" includes shipbuilding, metalworking, the car industry, engineered products such as motors and electronics, and production of metals (steel, copper and chromium). The world's biggest cruise ships are built in Finnish shipyards. The "forest industry" (metsäteollisuus) includes forestry, timber, pulp and paper, and is a logical development based on Finland's extensive forest resources (77% of the area is covered by forest, most of it in renewable use). In the pulp and paper industry, many of the largest companies are based in Finland (Ahlstrom, M-real, UPM). However, the Finnish economy has diversified, with expansion into fields such as electronics (e.g. Nokia), metrology (Vaisala), transport fuels (Neste Oil), chemicals (Kemira), engineering consulting (Pöyry) and information technology (e.g. Rovio, known for Angry Birds), and is no longer dominated by the two sectors of metal and forest industry. Likewise, the structure has changed, with the service sector growing, with manufacturing reducing in importance; agriculture is only a minor part. Despite this, production for export is still more prominent than in Western Europe, thus making Finland more vulnerable to global economic trends.
Based on the Economist Intelligence Unit report released in September 2011, Finland has clinched the second place after the United States on Benchmarking IT Industry Competitiveness 2011 which scored on 6 key indicators: overall business environment, technology infrastructure, human capital, legal framework, public support for industry development, and research and development landscape.
Public policy
See also: Nordic model
Finnish politicians have often emulated other Nordics and the Nordic model. Nordics have been
