Last Updated on December 17, 2020 by Oddmund Groette
Finland has per capita output quite similar to that of France, the United Kingdom, and Germany- basically the other western European economies. Known as a vastly industrialized and mixed economy, some of the biggest sectors of Finland’s economy include services, manufacturing, and refining along with primary production.
With manufacturing being the key sector of Finland’s economy, with respect to foreign trade, some of the largest sectors involve vehicles with other engineered metal goods, electronics, forest industry, and machinery. Famously being rich in timber and other mineral and freshwater resources, the agricultural industry, paper factories, and forestry are sensitive to rural citizens.
Finland is also heavily mixed with the global economy and constitutes a third of gross domestic product (GDP) with foreign trade. Its largest trade flows from – the Netherlands, the United Kingdom, Germany, Sweden, China, Russia, and the United States. Finland has natively been among the supporters for free trade with an exception for agriculture while the trade policy is handled by the European Union.
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American Depositary Receipts (ADR) are negotiable tools for securities issued by a US bank or a broker to represent a particular amount of shares in an international organization but are listed and can be traded in US exchanges. With ADR’s paying dividends in US dollars and their flexibility to be traded like normal shares, companies now have the luxury of buying foreign stocks in abundance with the liberty of using them on the US exchanges.
ADRs can be found listed on Nasdaq, NYSE, Amex and can be also traded OTC ( Over-the-Counter). Before the introduction of ADRs, American Investors were bound to buy shares on international exchanges only, which involved extra expense over currency exchange and differences in foreign jurisdiction and regulation. Without a US presence, it was riskier for investors to put their money on foreign companies.