This means that productivity must be internally driven by organisations or firms themselves. The introduction of performance contracts in the civil service is a classical example. Another problem faced by us is the lack of up-to-date and appropriate technology. We still find some industry with outdated or inappropriate technologies. Our sugar mills are an example.
This strategy recognizes that the two policy tools are broadly similar in the ways they affect the economy by indirectly changing the level of interest rates used to finance purchases by households and businesses.