Catalysing Economic Growth: Boosting Innovation Expertise in the Private Sector
In 2011, New Zealand was 25th place in the Organisation for Economic Co-operation and Development (OECD) league table. Our review of New Zealand’s economic performance showed we needed policies to increase labour productivity to help achieve parity with Australia. We identified two key things the country needs to do:
Address the need to boost expertise in our private sector
- Develop, adapt and adopt new technologies to make the New Zealand economy more “sticky” to high technology companies.
We proposed two potential solutions to these issues – an innovation expertise fund and direct co-funding for research and development staff.
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