However, these same data also show increases in output in sectors such as wholesale trade and financial and business services, as well as manufacturing sectors such as pharmaceuticals and transportation equipment. Despite all the challenges, we are seeing businesses across the country being inventive in responding to the necessity of adjustment.
Another way of presenting it would be to say that in today’s world, marked by technological revolution and economic globalisation, the opportunity cost of not being flexible has considerably augmented. I thank you for your attention. BIS Review 8/2006  5