Interactions of global trends and domestic factors

It is the combination of these factors that is likely to determine New Zealand’s future productivity performance.

For example, geopolitical change and technological change are inextricably linked. As noted, countries are adopting policies to protect their economic security by protecting their access to critical technologies and/or hindering access to these technologies by others. As also noted, New Zealand’s past and present productivity performance has been impacted by weak international connections through trade and investment and by the slow adoption of new technologies. Exploring the relationship between these historic trends and the global trends will build a more nuanced understanding of the implications for New Zealand’s future productivity performance.

Examples of the questions we propose to explore in this Briefing are as follows:

• How might global shifts and trends, in areas such as technology, geopolitics, demographics and climate change, influence New Zealand’s productivity in the years ahead? Which one might be most impactful and how might they interact?
• How might the Australia-New Zealand Single Economic Market be harnessed to further drive productivity performance, incl
• How might New Zealand’s past productivity performance and New Zealand-specific factors, such as our economic strengths, affect our future performance in the context of these global trends?
• Might New Zealand’s productivity performance continue to lag, or could different patterns emerge?
• Which things distinctive to New Zealand (eg our economic structure, technological capabilities or Māori economy) might have the most important bearing (strengths or weaknesses) on productivity going forward?
• What are the choices that New Zealand could consider to strengthen productivity performance and the positive outcomes from this?

< Domestic factors, including economic strengths | Strategic choices >