Link: http://www.businessinsider.com/finlands-education-system-best-in-world-2012-11?IR=T
There are many articles like the above supporting the same.
The education system in most of the Scandinavian and few other European countries have very lenient education system. And they are ranked much better/higher than those in the US/China/Russia (maybe India as well). If so, why haven't they build innovative products or well known in the fields of InformationTechnology/Aerospace/Mathematics?