August 6, 2009

Productivity - The Challenge for the nation

The new watchword is productivity. Our ability to be more productive as a nation is likely to be the leading factor in new Zealand's growth and propsperity in the next two decades. Its not just about working harder. We need to work smarter. new Zealanders are already among the hardest working people in the OECD.
Quality of management, application of technology in ways that add value and boost productivity - these are the areas where we need to focus.

Skills development, lower income tax rates, and the promotion of investment in export-led, high value goods and services have to be part of the new policy programme. Science and technology have key rolls to play. We can't just reply on dairy products or tourism to prosper.

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