Information technology is now the name of the game.
Unless this happens, so we are told, the country will be left behind economically, doomed to become a technological backwater maintaining a precarious standard of living on natural resources, the prices of which are falling. After all, industry policies in Singapore, Malaya, Japan, etc. have demonstrated that government action can provide outcomes superior to market results. In short, there is a total absence of any serious intellectual content in these reports, though they do contain some common sense recommendations. According to Roach markets will not provide desirable results. This is a case of market failure that, according to Mortimer, requires government handouts to remedy.