The New Zealand Institute

The flight of the Kiwi: Going global from the end of the world

By David Skilling & Danielle Boven - 17 Jul 2006

Overview

High levels of international economic engagement are vitally important to creating a strong and prosperous New Zealand. Unfortunately, however, the New Zealand economy is not well integrated into the global economy by the standards of other small, developed countries.

Of course, going global from the end of the world is a challenging process and this report describes the ways in which New Zealand's size and remoteness impact negatively on New Zealand's international economic engagement. However, being remote from major markets is not fatal to New Zealand's active participation in the global economy. But these challenges do mean that New Zealand will need to act with real determination and clear objectives.

Achieving much improved levels of exporting and outward FDI will require meaningful action from both business and government. The government can and should be doing much more to support firms that want to go global from a New Zealand base. But success also requires a pipeline of New Zealand firms with the capacity and the aspiration to go global.

This report proposes that targets for exporting and outward FDI be specified, and also identifies and outlines four areas for meaningful business and government action to generate a substantial and sustained improvement in the level of New Zealand's international economic activity.

> Executive summary (408kb PDF)

> Full report (1371kb PDF)

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