These include: •  the substantial lowering of tariffs;  •  the deregulation of financial markets;  •  the introduction of a more stringent regime for competitive policy;  •  the privatisation of a lot of public utilities, banks, insurance companies; and  •  the introduction of a good deal more flexibility into wage bargaining.
The external factors which could affect us would include: high oil prices, an increase in international interest rates, the impact of changes in trade regimes such as those connected with the WTO, the FTAA, the European Union, and the CSME, and the performance of the US dollar against other international currencies.