Mr. John McCarthy:

We are the only country which uses GNI* because we are the only country which is such an outlier. However, there is huge interest at academic conferences and among policy makers across Europe and at the IMF and so on because issues such as contract manufacturing and intellectual property, IP, onshoring are beginning to affect other countries. We are at the coal face but other countries are beginning to come to us to discuss these metrics because although they are not affected to the same extent, it is coming down the line. The globalisation of the economy is increasing and IP is very mobile. Although we are at the coal face, it is an issue for all advanced economies and other countries will have to deal with it at some stage.