Finland currently ranks at the top of the developed countries with regards to academic achievement. Linda Darling-Hammond lays it all out in her NEA article: http://www.nea.org/home/40991.htm
Finland has been steadily building their education system for decades. The results have proven to be remarkable.
"Finnish schools are generally small (fewer than 300 pupils) with relatively small class sizes (in the 20s), and are uniformly well equipped.