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South Africa's trade unions recently complained that domestic industry was being flattened by cheap imports of hi-tech goods, computers, telecoms equipment and the like.
But instead of bicycles and motor cars, the ageing technologies this time hail from semiconductors, computers, telecoms, aerospace and organic chemicals.Fear not, say the optimists.
Today, so-called Kitsong centres are built to house computers, telecoms services and less hi-tech facilities, such as typing and fax machines.
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Oki produces computers, telecom equipment, semiconductors and dozens of other products.
As many had expected would happen right about now, companies that buy chips and other components for use in computers, telecom equipment and all manner of other electronic gadgetry have finally used up a good portion of what they ordered last year.
The computer-telecom world may.
Shinozuka diplomatically predicts that Oki's computer, telecom and chip units will account for the same shares of sales in three years as they do today.
People change rather more slowly than computers and telecoms might like them to; and they are less good at dreaming up new business models than venture capitalists might wish them to be.But the lesson does not stop there.
In particular, productivity growth in transport, telecommunications and financial services has benefited considerably from the purchase of computers and telecoms equipment.The OECD study also contains a finding worrisome for those who consider inadequate R&D spending to be a sign of economic weakness.
Far from being over, the computer and telecoms revolution that created the internet has barely begun.
That is a question the computer and telecoms industries hate to hear.
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