Corporate Strategy of the Ministry of Employment and the Economy (MEE): Options for Finland’s Labour and Industrial Policy
Start: 2010-02-25, Publication: 2010-11-09
The baseline for the Corporate Strategy is the Cabinet Programme, and the related further definitions made at the midpoint of the current term of office. Accordingly, in its economic policy, the Government will concentrate on improving employment and productivity. Additionally, the prevention of climate change is a key target. The Corporate Strategy covers the policy sectors of the Ministry of Employment and the Economy, and provides argumentation for labour and industrial policy decisions. These policy definitions are further defined by the sectoral strategies that fall under the administration of the MEE Corporate. The Corporate Strategy defines target policy definitions which steer Corporate operations. However, these focal areas by no means cover all of the activities that fall under the responsibility of the MEE Corporate.
Summary -- Based on extensive knowledge and intellectual capital, the cooperative activities of the MEE Corporate will enable proactive operations, rapid reactions and appropriate, well-targeted measures throughout the administrative sector, central government and regionally. Open-mindedness and contemporary modes of operation will make the MEE Corporate a forerunner. The objective is that, by 2015, the competitiveness, employment levels and well-being of both Finland and Europe are of the highest level in global terms. The MEE Corporate will implement effective actions with a significant impact, aiming at recovery from the economic crisis while continuing the implementation of the Corporate’s long-term strategy. As a consequence of the financial crisis, youth unemployment has developed into an acute problem. The structural changes caused by globalisation present major challenges, but also offer opportunities for renewal. In addition to developing the domestic operating environment, it is imperative that we also influence joint international policies. The utilisation of innovations, and enterprises aiming at internationalisation and growth, will be encouraged through, for example, regulation, taxation, funding and targeted services. Furthermore, strong innovation clusters will be created in order to enhance the international reputation and attractiveness of Finland. As the population ages and the labour force shrinks, all labour force reserves must be made available to ensuring economic growth. Achieving high employment levels will require a broad scope of meas-ures that support employment and the development of working life. Alongside productivity, the quality of working life must be improved in both the private and public sectors. In the public sector, specifically in public services, productivity development has been clearly weaker than in the private sector. The targets set by energy policies can only be achieved through powerful measures and the adoption of new steering methods. The use of renewable energy and increased energy efficiency aim at improving the self-sufficiency and delivery accuracy of energy procurement, while ensuring that the price of elec-tricity remains moderate.
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