There is evidence of growing competitiveness in respect of sectors such as automobiles and pharmaceuticals, with potential to emerge as a manufacturing base for global production.
Last, but certainly not least, a question hanging over the financial sector is the speed and scope of changes to be brought about by the internet revolution. Certain financial activities are being transformed by the new technology quite quickly. This includes securities broking and foreign exchange. In other areas, (traditional banking is one), change is occurring more gradually.