We have been reasonably successful in what we set out to do so far, with the benefits of increased competition and efficiency manifesting themselves in the higher recorded growth, particularly in the present decade. The issue that arises now is whether we have reached the limit of private sector led acceleration in investment and output growth?
Will this now be increasingly constrained by the lack of public investment, both physical and social? An underlying theme encompassing most constraints now is the lack of adequate delivery of public services in both quality and quantity. The public service system is simply not functioning.