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)