exportsector
torestructureoureconomy,wehavetoenhancethecompetitiveneofbothourexportsectorandourdomesticsector.
ourexportsectorhasbeensteadilytraformedovertheyears.wehaveshiftedtowardsnew,highervalue-addedmanufacturing,aslower-endproductionmovedoffshore.10yearsago,coumerelectronicsstillaccountedfor14ofourelectronicsproduction.now,itisdowntoonly2,havingbeenreplacedbythesemiconductorindustry.andtheremaining2ofcoumerelectronicsisnolongerradiosorvcrs,butexcitingnewproductslikedigitaltvanddvdplayers.soon,itwillbewirelealicatiothatallowyourhomealiancestotalktooneanother.
wemustacceleratetheupgradingofourmanufacturingsector,orwewillbehollowedout.ourhightechindustriesmustgoevenhighertech.forexample,wemustbeabletoproducemoresophisticatedsemiconductors,anddesignthechi.
newcapabilities
inaddition,wehavetobuildupnewcapabilitiesinit,lifesciencesandotherhighvalue-addedactivities.
lifesciences,eeciallybio-medicalsciences,aresaidtobethethirdtechnologicalrevolutionafterthesteamengineandthecomputer.
togiveyouanideaofthepotentialoflifesciences,justlookatthemanydifferentwayspeoplemakebabiesnowadays.mostmakethemintheusualway,thewaymarriedcouplesdo.afewmakebabiesintesttubes.someusesurrogatemothers.now,ireadthataustralianresearchersaretryingtomakebabiesfromthecellsoftwowomen.theyhaveshownthatbabymicecanbeproducedfromthecellsoffemalemicewithoutanymalecontributionwhatsoever.iftheysucceedinalyingthistechnologytohuma,willourwomenstillneedus?
wemusthaveapieceoftheaction,perhanotinfindingnewwaysofmakingbabies,butinfindingnewcuresfordiseases.
domesticsector
evenaswepromoteexports,wemustnotneglectourdomesticsector.weshouldseehowwecanmakethedomesticsectorasefficientastheexportsectordrivenbymncs.theproductivityofourdomesticsector,whetherincotructionorretailorhoitality,i
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