Transcript Innovation
Next steps Future Direction 2015 Building a more productive and competitive economy Delivering better public services within tight financial constraints Responsibly managing the Government’s finances Rebuild Christchurch • Provides a platform for ongoing communication between business and government on the Government’s economic work plan • Sets ambitious targets to focus the direction of the Government’s work • Holds government agencies to account for delivery of work The BGA: Towards 2025 report contains • A market based economy that reflects Kiwi attributes – agile, resourceful, innovative and world-beating • Our businesses add greater value to their goods and services – attracting a premium from our natural resources, intellectual edge and industry know-how • We are more internationally connected to reduce the impacts of distance, and seen as a real hub of talent and ideas for the Asia-Pacific region • An economy where all regions and our people have the opportunity to grow and prosper • We are one of the most highly-skilled countries in the world, with ambitious business leaders who make the best of our diversity of talents and ideas An economy like this will grow our productivity and our incomes, and deliver real and ongoing improvements in the quality of life for all New Zealanders. • We will attract high-quality investment into all parts of New Zealand • We will grow exports, by developing businesses that are internationally connected and able to add value to volume and seize opportunities in an Asia-Pacific centred world • We will develop New Zealand as a hub for high-value, knowledgeintensive businesses conducting more R & D to lift innovation • We will have skilled and safe workplaces, where all our people are equipped with the skills to participate and succeed in our 21st century economy and society • In the natural resources area, we will improve the productivity of our resource-related industries while reducing their environmental impact • We will provide the right infrastructure at the right time to support future investment, growth and quality of life Building Export Markets Innovation Innovation Creating businesses that are internationally connected and able to add value to volume and seize opportunities in an Asia-Pacific centred world Next Steps • An ambitious free trade strategy • Maximising the benefits to exporters of our trade agreements • Operating the world’s most efficient and cost effective Border Management system to support trade and people flows • Growing NZTE’s portfolio of export-active companies • Growing international education • Increasing value to New Zealand from tourism • Developing and growing New Zealand’s international marketing brand Outcomes • Internationally connected businesses, able to reduce the impacts of distance and grow New Zealand as a real hub of talent and ideas for the Asia-Pacific region • Business access to new and bigger markets, and entry into internationalised business networks and global value chains • A diverse product and market base that focuses on moving our exports up the value chain to support a more robust and resilient economy Building Innovation Innovation Innovation Developing New Zealand as a hub for high value, knowledge-intensive businesses conducting more R&D to lift innovation Next Steps • Encourage business innovation • Attract multi-national R&D investment in New Zealand • Strengthen New Zealand’s innovation infrastructure • Make the most of the digital economy by encouraging more effective use and uptake of ICT • Proactively review market regulation to ensure it supports the development of new and innovative products and services • Increase the impact and relevance of publicly-funded scientific research • Grow the availability of innovation skills in New Zealand Outcomes • Increasing business investment in innovation, improving businesses’ productivity and bottom lines • New products and services which diversify and strengthen our economy, opening up a broader range of market opportunities • Innovative businesses that are more resilient to economic shocks over the long term Building Investment Innovation Innovation Significantly lift the rate of business investment as a percentage of GDP to accelerate growth throughout New Zealand Next Steps • Support and attract investment into all parts of New Zealand, through the New Zealand Investment Attraction Strategy and the new Regional Economic Action Plans. • Implement, embed and monitor recent reforms to financial market regulation to ensure they allow financial markets to thrive • Rebuild the Government’s balance sheet to reduce the risks of future adverse events and to optimise the allocation of Crown capital • Modernise IRD’s systems to preserve our broad-based tax base, reduce compliance costs, and smooth tax collection impacts on firm cash-flows • Improve the financial capability of all New Zealanders and encourage personal savings and investment Outcomes • Attracting high-quality business investment into all parts of New Zealand to strengthen economic growth and lift productivity • Higher levels of investment delivering the financial capital that firms need to establish new operations and expand their operations access overseas markets • High-quality investment bringing access to new ideas, technology or production processes that enable firms to innovate and add value to the goods and services they produce Building Natural Resources Innovation Innovation Improving the productivity of our resource-related industries while reducing their environmental impact Next Steps • Maximise the productivity of agricultural and horticultural land while reducing environmental effects • Provide more flexible governance options for Māori land, and assist Māori trusts and landowners to improve the productivity of their land • Encourage regional economic development with certain and timely processes for allocating access to resources • Free up urban land supply and accelerate access and use of it • Improve the efficiency of freshwater allocation and usage within limits, and encourage investment in water storage and irrigation • Develop our aquaculture, fisheries and other marine resources, while maintaining marine biodiversity and sustainability • Improve energy efficiency and use of renewable energy to raise productivity, reduce carbon emissions and promote consumer choice Outcomes • More productive land that enables business growth while minimising the environmental effects • Frameworks and processes that allocate resources efficiently and effectively to support the needs of a growing economy • Highly successful regional economies that make the most productive use of their land and natural resource endowments • A lower emissions economy that promotes innovation and capitalises on our competitive advantage with renewables