MONDAY, JANUARY 15, 1990
11
HONG KONG [S
RENOWNED
FOR ITS
SENSATIONAL
"I KNOW THAT DEVELOPMENT PROJECTS, BUT THIS PROGRAMME OF INFRASTRUCTURAL DEVELOPMENT WILL BE THE LARGEST AND MOST EXCITING YET, HE SAID.
HONG
WHILE PHYSICAL INFRASTRUCTURE WAS VITAL, SIR PIERS SAID KONG HAD ALSO BEEN ABLE то MAINTAIN
TECHNOLOGICAL STANDARDS IN TELECOMMUNICATIONS.
WORLD-CLASS
FURTHER
WITH THE DEVELOPMENT OF CABLE TELEVISION, HONG KONG WOULD ACQUIRE A SECOND TELECOMMUNICATIONS NETWORK, AND STRENGTHEN OUR LINKS WITH THE WORLD, HE SAID.
THIS WOULD
WITHOUT
"LOOKING TO THE FUTURE, ROUTINE BUSINESS TRANSACTIONS WILL INCREASINGLY BE DONE BY COMPUTER TO THE NEED FOR HUMAN INTERVENTION,
COMPUTER
COMMUNICATION,
"THIS 'ELECTRONIC DATA INTERCHANGE' OR EDI WILL BE OF FOR WHOM SPEED PARTICULAR VALUE TO ORGANISATIONS INVOLVED IN TRADING, AND ACCURACY IN HANDLING DOCUMENTATION ARE CRITICAL TO PROFIT MARGINS AND CUSTOMER RELATIONS.
"IT WILL BE IMPORTANT FOR HONG KONG NOT TO LAG BEHIND
PARTNERS IN RESPECT, PARTICULARLY IN RELATION TO ITS TRADING AND THE U.S. WHERE EDT IS BECOMING WELL-ESTABLISHED.
CAN
IN THIS EUROPE
OR SHOULD THE DEVELOPMENT OF THE SUBJECT IS
"THE GOVERNMENT 18 CURRENTLY EXPLORING WHAT IT DO, TOGETHER WITH THE PRIVATE SECTOR, TO SUPPORT EDI IN THE TRADING COMMUNITY IN HONG KONG. BUT WE CANNOT IGNORE IT, HE SAID.
"
SPEAKING OF HONG KONG'S PEOPLE
COMPLEX,
ANOTHER CORNERSTONE FOR THAT HONG KONG'S ABILITY TO CONTINUED PROSPERITY, SIR PIERS NOTED RESPOND POSITIVELY TO ECONOMIC OPPORTUNITY AND THREAT ALIKE WAS DUE TO THE EXTRAORDINARY FLEXIBILITY AND RESILIENCE OF ITS PEOPLE.
"ONE CONSEQUENCE OF THAT ENTREPRENEURIAL
HONG KONG ECONOMY IS FRAGMENTED.
"HONG KONG CARRIES
TENS OF
SPIRIT IS THAT THE
THOUSANDS OF MANUFACTURING AND TRADING ENTERPRISES, EACH WITH, ON AVERAGE, JUST A HANDFUL OF
EMPLOYEES.
"ALTHOUGH HONG KONG DOES HAVE SOME LARGE AND SUCCESSFUL THE TYPICAL ENTERPRISE IS SMALL AND IT IS LINKED TO MANY OTHER CONCERNS TO FORM AN EXTENDED NETWORK OF
SUB-CONTRACTORS,
SERVICE PROVIDERS, BROKERS AND SO ON.
FIRMS,
SUCH
SUPPLIERS,
HAVE IN HONG KONG OFFERS
AND SATISFACTION
THAT
WE "THIS BUSINESS STRUCTURE THAT UNPARALLELED ADAPTABILITY PLUS THE MOTIVATION COMES WITH OWNERSHIP AND INDEPENDENCE. HE SAID.
г
IN RAPIDLY SIR PIERS AFFIRMED THAT THESE WERE VALUABLE ASSETS
EXPERTS MANAGEMENT
ARE CHANGING WORLD MARKETS, "SO MUCH SO THAT U.S. NOW SUGGESTING THAT THE NETWORK MODEL MAY BE OF THE FUTURE".
THE
INDUSTRY STRUCTURE
/"I ACCEPT