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WEEKLY NEWSLETTER
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Finland
Index
![[JPEG]](/images/frd/cs/jpeg.gif)
Pyhäkoski hydroelectric power plant, one of the largest of
its kind in Finland, located about twenty-five kilometers east of
Oulu
Courtesy Embassy of Finland, Washington
Finland lacked petroleum, gas, and coal reserves, but
it had
significant mineral deposits. As in many industrial
countries,
low-cost imported petroleum fueled economic growth from
the end
of World War II until the 1973 oil crisis. Finland's
forest
industries, which were heavy energy users, had developed
in the
context of low energy prices. Even the achievement of
agricultural self-sufficiency owed much to energy imports,
in the
form of either fuel for tractors or chemical fertilizers.
From
the 1970s, Finland's economy had to adjust to high energy
costs.
Finnish policy makers therefore had to ensure that the
country
used its other resources, including its mineral deposits,
as
efficiently as possible.
Data as of December 1988
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![[JPEG]](/images/frd/cs/finland/fi03_05a.jpg)
