David Thompson Posted:
So very, very true. It beggars belief that we consider ourselves to be a developed nation when so much of our economy is based on selling milk powder or logs. BTW, I own a Plinius amplifier (my second) that drives a set of Theophany speakers.
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David Thompson Posted:
A robust but sobering report. It concerns me that confidence is rising, yet sales and exports are down and "manufacturers and exporters are still lagging behind other sectors". Surely we should wait until we're earning more money before we start spending more?
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siemens Posted:
Yes true! The only thing that will never die in this world is the nature and its science behind it. Great post.
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Kieran Ormandy Posted:
Thanks for the question Steven, Germany has seen increases in manufacturing employment since 2009, and Switzerland has had stable manufacturing employment between 2006 – 2011, even in the face of ongoing Euro-zone issues. Korea has seen increases in manufacturing employment since 2008 and Israel experienced large increases since 1998, while being stable over the last 4 years. Singapore has had increases in manufacturing employment over the last two years. These countries all value their manufacturing sectors and work to protect them, this is reflected in the above numbers and their performance through the GFC. Note data around the above examples was sourced from OECD labour market stats.
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John Walley Posted:
Point one: you should have no doubt what our Association says publically represent the views of our members. Point two: we don’t knee jerk responses, if you trace back our comments around NZPower you will see them link all the way back to our research in 2004 and 2005. All that material is fully linked from our comments above. Point three: you will note our comments on major users, sadly the same advantage does not accrue to smaller industrial users. The perverse incentives of the LRMC approach in all this are well known. Point four: the NZMEA is not like any other Association in New Zealand we admit only manufacturers and exporters into membership, and our public expressions are the views of that restricted membership.
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Greens encourage productive investment but add a carbon cost

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Changes to monetary policy, a better balanced tax system plus Research and Development (R&D) tax credits are the highlights of the Green Party economic plan according to the New Zealand Manufacturers and Exporters Association (NZMEA). Other measures such as retaining state owned monopolies, and further developing capability in New Zealand by building local preference into Government procurement policy and recapitalising Kiwibank will be helpful. Taking the lead in pricing carbon would be harmful; such a move would build competitive disadvantages into New Zealand based supply chains.

NZMEA Chief Executive John Walley says, “Currently monetary policy that overvalues our exchange rate, our imbalanced tax system that promotes investment in unproductive assets and low investment in R&D are negating exporters’ ability to earn New Zealand a living. It is good to see some of those issues being addressed in the Green’s policy document.”

“Rushing on carbon cost is less helpful. While the move to apply carbon costs to all emitters, including agriculture, is a sensible approach, there is little point applying costs to New Zealand emissions if similar costs are not imposed in other jurisdictions. This will simply make firms here uncompetitive while we import the same products with no impact on the carbon emitted. The embedded carbon from imported products must be considered.”

“One thing that should be encouraged from this release is its coordinated capability building approach. We encourage a similar approach from the major parties rather than a set of tactical responses to deep seated structural problems. We need to earn more and spend less to get the current account under control; only a well-rounded policy package can achieve this.”

tags: green party, research and development, emissions trading, monetary policy


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