[SeppoErviala]

>3. You have competitive companies that export products to other nations.

Author seems to forget that these companies don't need to be of finnish origin. It's completly ok strategy to just educate lots of engineers and let IBM or other large company hire them (and pay income taxes to Finland). Educated workforce does create value even if there isn't silicon valley of start-ups in Finland.

[mmarjala]

The author agrees on this. It, naturally, is much more valuable for a nation to produce these companies themselves and get sometimes access to multiple revenue streams, and subsidiaries rarely buy companies and enrich the nearby ecosystem through that.