| Abstract | Today, while optimization is still important, world-beating productivity depends on the increase of value-added content, whatever the product. The highest value-added products Hong Kong offers today are financial services, sales and marketing, and hi-tech manufacturing. Its major productivity challenge will be upgrading its business operations, regardless of sector, to world-class standards consistent with the developed-country status. That means not only upgrading Hong Kong's workers, but also its professionals, and managers. Education, therefore, will play a key role in the success - or failure - of this undertaking, and the process is already under way with the number of tertiary institutions doubled as a result of the government spending a whopping HK$27 billion from 1995 to 1998 to expand capacity. |
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