The fourth risk is that other nations are also eyeing the potential of developing digital economies and realising these benefits for their economic well being. Hence, the competition for investments such as FDI [foreign direct investment] will also become more intense in the coming years.
In addition, our concern about the "brain drain" (and the ability to attract and retain human talent) will certainly have an impact on the programmes if this is not contained.
Moving forward, how can the ICT industry cooperate?
Involvement and direct participation by the industry will also be a key success factor in this initiative. Consultations with and input from the industry will provide a more balanced view of the expectations, the outcome and at the same time inject a degree of realism into the whole exercise.
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