РАН Т 4000001
KK
香港政府
GIS
新聞處
DAILY INFORMATION BULLETIN
Wednesday, November 8, 1972
HONG KONG MUST TAKE ADVANTAGE OF CHANGES IN WORLD ECONOMY
The 1970s will witness more changes in the world economy than has
any decade in history, and Hong Kong will have to rely more than any other
economy on its ability to react to and to take advantage of these changes.
The reason is that Hong Kong depends for its prosperity wholly on
its trading and financial relationships with the rest of the world.
This was stated today by the Financial Secretary, Mr. C.P. Haddon-
Cave, in a taped message played at the opening of the conference on "Business
Environment in the 70's" at the City Hall Theatre.
In his message, he declared open the conference organised by the
Hong Kong Management Association.
Mr. Haddon-Cave said the changes to be witnessed are in monetary and
trading relationships, technology, the rates of growth and competitiveness of
different economies and in political alignments.
"To face the challenges of the 1970s, we must be ready to adapt, to
learn new skills and to develop old ones.
"For example, we must invest in new equipment, and we must train
more technicians and technologists; and we must improve our management per-
formance and the flexibility of our responses," he said.
The Financial
Issued by Government Information Services, Beaconsfield House, Hong Kong. Tel: 5-233191
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