T H E U K S T R A T E G I C I N V E S T M E N T F U N D – I N T E R I M R E P O R T
An objective assessment of the UK ’ s core strengths in this global economy suggests that the UK has a comparative advantage in many services sectors , in particular high value added professional services such as financial services , computer & information services and other business services , but also strengths in manufacturing sectors such as medical and pharmaceutical products ( Figure 1 ).
Financial services ( 7.7 %) Insurance ( 1.1 %) Communications ( 1.1 %) Other business services ( 10.2 %) Telecoms Equipment ( 8.1 %) Computer and info . services ( 1.9 %) Medical and Pharma Products ( 3.7 %) Machinery and Transport Equip . ( 8.2 %) Other Manufactured Goods ( 9.9 %) Chemicals and Related Products ( 5.7 %) Office Machinery and Equip . ( 3.1 %) Road Vehicles ( 5.3 %)
UK Emerging Market
Food , Drink and Tobacco ( 3.0 %) Metals and Metal Products ( 3.9 %) Electrical Machinery ( 3.2 %) Clothing and Textiles ( 1.6 %)
-0.7 -0.6 -0.5 -0.4 -0.3 -0.2 -0.1 0.0 0.1 0.2 0.3 0.4 0.5 0.6 0.7
Figure 1 : UK and Emerging Market Revealed Comparative Advantage
Source : BIS Calculations based on UNCOMTRADE and IMF Balance of Payments data , 2006
Investments made by the Strategic Investment Fund reflect the opportunities arising from the wider global trends and aim to build on the UK ’ s core strengths .
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