12
'I ACCEPT THAT THIS MODEL ALSO
MONDAY, JANUARY 15, 1990
HAS ITS
DISADVANTAGES. THERE
THINKING, OR A LACK OF THE RESOURCES CAN BE A LACK OF LONG TERM NEEDED FOR, SAY, MAJOR TECHNOLOGY INVESTMENTS.
"HERE WE RECOGNISE THAT THE GOVERNMENT HAS A ROLE TO PLAY,
PROGRAMME AIMS TO HELP BUSINESSES OUR INDUSTRIAL SUPPORT THEIR PRODUCTIVITY AND DEVELOP TECHNOLOGICALLY.
"WE BELIEVE THAT THE BENEFITS OF OUTWEIGHT THE DIFFICULTIES OR PROBLEMS,
AND
IMPROVE
OUR BUSINESS STRUCTURE FAR HE STRESSED.
KONG'S SERVICES FOR KONG'S TRADING
ON THE STRUCTURE OF HONG EARLIER, SIR PIERS DWELT ECONOMY AND SAID IT HAD MOVED TOWARDS MORE VALUE ADDED TRADE AND INDUSTRY ALONG WITH THE DEVELOPMENT OF HONG ROLES BOTH IN RELATION TO CHINA AND THE REGION GENERALLY.
CARRIED ITS SHARE OF INFLATION WITH A
"THIS STRUCTURAL CHANGE IN THE ECONOMY HAS OF GROWING PAINS. IT HAS GENERATED UNCOMFORTABLE LEVELS
SERVICE GROWING
SECTOR COMPETED FOR LABOUR AS A RAPIDLY BUOYANT INDUSTRIAL SECTOR.
OF THE ECONOMY WAS "SOME SLOWING DOWN IN THE RATE OF GROWTH
CAPACITY AFTER THREE INEVITABLE AS THE ECONOMY REACHED YEARS OF SUBSTANTIAL GROWTH.
CONSECUTIVE
"OUR CURRENT FORECAST THAT GDP WILL INCREASE BY ONLY THREE CENT IN 1989 REFLECTS THAT.
PER
"HOWEVER, THESE ARE
TRANSITIONAL
TROUBLES. THERE ARE SIGNS SUBSIDE, NOW THAT INFLATION IS LEVELLING OFF, AND IT SHOULD BEGIN TO THAT THERE IS LESS PRESSURE ON CAPACITY," HE SAID.
WAS A ON THE "BRAIN DRAIN" PROBLEM, HE SAID WHILE THIS
CAUSE A SHORTAGE OF SKILLED FOR CONCERN, ONE NEEDED TO BEAR IN MIND THAT
PROBLEM FOR MANPOWER WAS NOT A NEW
WHERE KONG,
UNEMPLOYMENT
LEVELS HAD TRADITIONALLY BEEN LOW.
"HONG KONG
MANAGERS HAVE
HONG
HAD TO BECOME ADEPT CREATIVE SOLUTIONS TO VACANCIES AND SHORTAGES AND THEY ARE TO DO SO.
AT FINDING CONTINUING
REFERRING
ΤΟ
"THE GOVERNMENT IS DOING WHAT IT CAN TO SUPPORT THEM,
THE MASSIVE EXPANSION OF
AND EDUCATION
14
OPPORTUNITIES.
HE SAID, TRAINING
WHERE
"WE ARE ALSO TAKING A MORE RELAXED VIEW TO BRING IN QUALIFIED PEOPLE FROM OUTSIDE HONG KONG TO MEETING LOCAL SKILL SHORTAGES, HE SAID.
re
EMPLOYERS WANT CONTRIBUTE то
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