Group 1
(Notable Examples: People’s Republic of China and Indonesia)
• Move up the value chain to produce higher value-added and sophisticated products to supply both domestic and global markets
• Leverage knowledge gained to develop home grown technologies
• Support small and medium enterprises (SMEs) for investing in new technology
• Build up domestic brands that can be expanded to other markets
• Invest in education to upgrade the quality of the workforce
Group 2
(Notable Examples: All Newly
Industrialized Economies)
• Shift from production to knowledge
economya
• Invest in research and development,
innovation, and strive to be a
technology leader
• Expand to new emerging markets