Comments

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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17/4/14

Manufacturing Matters to New Zealand


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The Labour Party announcement today recognises the simple truth that the manufacturing sector really matters to New Zealand’s economy as a whole, based on the part manufacturing plays in the growth of the added value element in the tradable sector, driving the development of complex supply chains, skills and well paid jobs; say the New Zealand Manufacturers and Exporters Association (NZMEA).

NZMEA Chief Executive John Walley says, “A large number of manufacturers gave evidence to the Manufacturing Inquiry last year and seeing that turn into solid policy upgrades from Labour is really encouraging, as is the acknowledgement that current settings are not working.”

“We hope to see more solid policy announcements from the other participants in the Manufacturing Inquiry. The broader the consensus the better, more manufacturing means better jobs and higher wages and a balanced current account.”

“We heard from David Cunliffe and David Parker on the core themes of Investment, Innovation and Industry, and these ring true. Having decided what outcomes are desirable, the policy settings to encourage those outcomes follow. What was presented was logical, coherent and above all will be welcomed by manufacturers and the people they employ.”

“The policies outlined in the Labour Manufacturing Economic Upgrade include accelerated depreciation, research and development tax credits, changes to Government procurement, monetary policy reform to tackle our overvalued exchange rate and the end of the capital gains tax exemption – this really does tick all the boxes on our major wish list for policy change, changes we have been promoting for a decade.”

“These policies will help level the playing field for exporters and import competing manufacturers, who must compete on the world stage. They will also go a long way to balance investment incentives away from property speculation and towards the productive economy, which all are important to the growth of the economy and well paid employment.”

“Those outside of the manufacturing sector may wonder, why the fuss about manufacturing? The answer is that manufacturing is the prime mover and value adding mechanism for any economy, and is important for fostering innovation, creating high paid jobs and improving productivity. Every job in manufacturing supports more jobs in the wider economy.”

“It is worth noting that an OECD report released recently by the Productivity Commission examined why New Zealand’s productivity lags below OECD averages, and even further below our potential. They estimate a large part of this is due to distance, a fact of life; the other was our low investment, particularly in research and development of “knowledge based capital”. In our view the policies now promoted by Labour will go a long way to doing more of what is possible in lifting productivity in the traded sector and the wider economy.”



tags: labour, manufacturing inquiry, exports, manufacturing, high value

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