Secondly, there will be a premium on moving up the skill spectrum. This can be seen most clearly in manufacturing where the mass-production of standard items will become dominated by the big Asian countries, and we must find other avenues which are opened up by the possession of more specialised skills. This is more complicated than it sounds.
The reason The launch of FLARes is indeed quite timely, in light of all the developments in external debt dynamics across the globe.