> The U.S. population is dwarfed by that of China yet very few people would argue China is more innovative than the U.S.
Not yet.
Apparently the province of Shanghai has already surpassed the Finnish educational success with their 23 million inhabitants. I have no doubt the Chinese are not trying to replicate that system as much as they can.
Though I would still prefer the Finnish system with 5-6h school days for my children, there is no reason to believe bigger systems would not be scalable for improvement.
And as far as I know, the US system used to be way more competitive back in the day. And we also have to think whether the educational depression is a state or a trend... (http://youtu.be/NXIR9ve0JU0)
> Don't get me wrong, Linus Trovalds and Nokia are great examples. But they aren't enough to make Finland a bed of innovation.
Not yet.
The entire country pretty much started industrializing a generation ago. A few big corporations in forestry and some high-tech is what brought us from the stone-age. But such establishments tend to shackle a fair amount of brain in such a small economy.
Given the record, I'm fairly optimistic of what will happen with all the brain freeing up from Nokia. It was a valued company hiring around as much people only in Finland (pop. 5m) than companies like Google hold globally. (pop. 7b)