This situation, along with the high capacity available in the manufacturing sector and the relative cost adjustments under way, suggest that the potential for economic growth based on exports is probably much higher than we tend to believe. However, let us not be naive: realising the growth potential from expansion of the tradable sector is not automatic.
It depends crucially on behaviours adopted by the economic agents. The protagonist in the transformation of the economy will have to be the private sector. In the current context of strong global competition, companies need to be able to adapt permanently in order to survive, which involves introducing technological developments, reengineering processes and defining renewal and growth strategies.