Success will require extensive and profound changes in the countries’ economic and
industrial structures, in the orientation of their growth, and in their economic policies.
All the countries share the need to gradually shift their industrial structures toward
higher productivity and higher technology sectors. Growth will need to become more
extrinsic, that is driven on the supply side by productivity increases underpinned by
infrastructure development, human capital accumulation and innovation. On the
demand side, growth will need to become more dependent on domestic demand and
less dependent on exports. Manufacturing and regional GVC will remain important but
will need to be restructured and reoriented toward greater focus on meeting regional
demand and supported by further development of service sectors, especially “modern”
services such as ICT, finance, and business services.