PNG active participant in international economy, says Polye

National, Normal

The National, Thursday July 11th, 2013

 THE impact of globalisation cannot go unchallenged because PNG is fast becoming an active participant in the international economy, Treasurer Don Polye told Parliament yesterday. 

He emphasised the need to expand capacities on human resources and small business opportunities as strengths to counter the ever-changing and competitive global economic scene.     

“The global market changes and competes everyday which affects our economy that changes also,” Polye said during debate on a policy statement by Foreign Affairs and Immigration Minister Rimbink Pato.  

“PNG is now a member of the global community and if we want to beat the challenges it is now high time to invest in our human resource to make use of the opportunities and barriers we have.

“The implication of globalisation has good side as well as bad. And the unfortunate thing is PNG does not recognise transformations driven by rapid changes of technology that it is being swept from side to side. 

“And if our children are not trained of this now they will be incompetent on the international level and the country loses. We need to prepare now.”