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Pekka Seppänen column: Beware of economic metaphors, as they are often false

a Few weeks ago I pondered this same arena Finland's export tonnage, i.e. Finland's exceptionally high dependence on exports. In light of the numbers that the

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Pekka Seppänen column: Beware of economic metaphors, as they are often false

a Few weeks ago I pondered this same arena Finland's export tonnage, i.e. Finland's exceptionally high dependence on exports. In light of the numbers that the dependency wasn't great and not exceptional, at least compared to other European countries.

the economic debate in flashes before many more fake facts than Finnish some of the exceptionally high export dependence.

the most strongest Finnish is manipulated to be concerned about the state and size of public sector debt.

Yes, it the debt is, but there is also a wealth. When measuring net debt, i.e. when the debt is deducted from the assets of the Finnish state does not have much debt. The exact placement between the two countries in the comparison depends on the measurement, but all measurement methods Finland has a low debt country. Unlike the public debate can be concluded.

fake facts in addition to the economic debate abounds metaphors, i.e. metaphors. You might think that the economy can talk about numbers and facts. But numbers and facts do not always like talk about the story and aspirations of the agreement.

that's Why metaphors are more useful instrument for the purpose of search for discuss the. The numbers are easy to disprove, but a metaphor is almost impossible to disprove.

Consolidation sounds good, but can mean just about anything.

When true, mr. gray in a suit to declare the television screen, that the economy is on a knife edge, a dead end or precipice, it is difficult to prove that there is no knife-edge, but the comfort of the fork. Not the precipice, but rather, in a stunning panoramic location.

it Is a great tactic to talk about economic recovery. Consolidation sounds good, but can mean just about anything. Others believe the economic recovery by reducing spending and firing people. Others believe that the economy, on the contrary health expenditure increasing and people by employing a.

great most of the economic language of images is competitiveness, because it is not even perceived as a metaphor.

in General competitiveness means that firms ' labour costs should rather be low than high. Employees from the perspective of competitiveness, of course, means completely the opposite. Employees from the perspective of Finnish salaries are competitive, the larger they are compared to other countries.

the brain Drain-the language of images is given, in turn, realized that in all the world's large companies will be monitored as hard as the Finnish managers ' salaries,

for Some reason, Finland's competitiveness is not to require that the executive pay should be as small as possible. On the contrary, managers ' salaries should be competitive, i.e. large, otherwise, the threat of brain drain.

brain Drain-the language of images is given, in turn, realized that in all the world's large companies will be monitored as hard as the Finnish managers ' salaries, and if they do not stand up, all the Finnish leaders recruited to top positions in New York, Beijing and Tokyo.

fake facts and the language of images in addition to economic debate utilize bogus adjectives.

in Finland is reportedly inflexible labour market. Of course flexible is a much better adjective than inflexible.

But what is flexible and what is inflexible? When the labour market is criticised for its inflexible, means that the need to comply with collective agreements and labour legislation.

one Might think that clear rules of the game they only made the labour market flexible, when there is a need to that matter separately in the quarrel and agreed.

one Might even think that the rules of the game of existence is not only flexible, also effective, when the workplace can focus on the essential, i.e. work.

in China not inflexible labour markets, an inflexible legal system and inflexible human rights are there to stop economic growth and business prosperity.

Those who need a flexible labour market, perhaps need also flexible judiciary. Every workplace could be to depart from the laws if the laws are not pleasing. The world is already such countries where this happens, and yes, time competitive they look, just faktojenkin light.

in China is flexibility, and not just the Chinese economy growing faster than the Finnish economy. In china not inflexible labour markets, an inflexible legal system and inflexible human rights are there to stop economic growth and business prosperity.

As you ponder the meanings of words , you should also consider, who in their words said. Media in economic speech will get easier the business sector and in particular banking experts. Strictly speaking, however, they are not experts, but concerned.

the Independent economic observers are not necessarily any more reliable, but when the independent economic observers use obscure words or speak a confusing, they do it accidentally, not deliberately.

Pekka Seppänen

the author is an independent economic observer.

the Column to discuss 19.11. at 16:00.

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