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11 May 2024 5:13
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  •   Home > News > Business

    New Zealand has a productivity problem

    New Zealand has a productivity problem

    19 May 2022
    This from an economist -- urging the Government to invest more money into research and development in today's Budget.

    Otago University's Murat Ungor says New Zealand is not a competitive name on the market for innovation.

    He says when people think of California they think of Silicon Valley - home of tech companies worth billions - like Google.

    He says our only major international brands are dairy products, and we cannot get richer simply by exporting milk powder.

    The Government's so far earmarked an extra 20-million dollars over four years into supporting digital technologies this Budget.

    © 2024 Newstalk ZB, NZCity


     Other Business News
     10 May: Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores
     10 May: The Warehouse Group's shopping website - The Market dot com - has failed to find a buyer, and will close in June
     10 May: Facebook New Zealand's reporting a rise in profit -- which is a fraction of the amount it paid to its Irish arm, over the same period
     10 May: The Energy Minister says we're in for a tight winter
     10 May: A potential power outage is looming in the chilly air
     09 May: Big electricity users are confident they're doing their part to reduce power
     09 May: The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget
     Top Stories

    RUGBY RUGBY
    The Northern Mystics are prioritising Grace Nweke's health and wellbeing above the needs of the team More...


    BUSINESS BUSINESS
    Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores More...



     Today's News

    Auckland:
    Police are investigating an incident which saw a construction vehicle roll over a man Wednesday night in Auckland 4:47

    Law and Order:
    Police are revealing more details about a woman who was found dead in Auckland's Gulf Harbour in March as they continue to try to identify her 4:47

    Law and Order:
    Police say there's no risk stemming from last week's fatal shooting to those heading to Auckland's Ponsonby Road 4:37

    Entertainment:
    Tom Sandoval "tried to take full accountability" for his cheating scandal 21:45

    Business:
    Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores 21:17

    Entertainment:
    Chris Pine "hated" working as a restaurant host before finding fame 21:15

    Politics:
    Air Vanuatu enters voluntary liquidation, leaving passengers stranded in Australia and Vanuatu 21:07

    Entertainment:
    Dua Lipa consults an astrologist to deal with her problems 20:45

    Entertainment:
    Donna Kelce used to worry about money when her sons were training to become footballers 20:15

    Entertainment:
    Jacob Batalon's mentality "hindered" him with his weight and work 19:45


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