Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ Well Positioned For 2050, Says Economist Editor


Monday December 3, 2012

NZ Well Positioned For 2050, Says Economist Editor

New Zealand is “surprisingly well positioned for 2050”, according to the executive editor of The Economist Daniel Franklin.

During the keynote address at the new New Zealand Forum, an event organised by Massey University and Westpac, Dr Franklin outlined some of the mega-trends shaping the future of the world and the implications and opportunities for New Zealand.

He identified population growth as one of the key drivers of change, as well as the growth of Asia’s economy.

“New Zealand is surprisingly well positioned for the world in 2050 for a number of reasons. It’s close to Asia where a lot of the economic action is going to be, and it has a relatively big agricultural sector in a world that will need to feed nine billion people,” Dr Franklin says.

“The implications are even more dramatic than the actual population numbers suggest. The world’s population is not only increasing but also getting richer… so we will need to produce something like 70 per cent more food.”

Dr Franklin believes New Zealand’s agri-food expertise means it should be in a position to not only produce valuable food products, but also export its agri-food technology so other countries can increase their own food output.

“There maybe some complications due to climate change,” he acknowledges, “but New Zealand has a relatively enviable environment so it also raises the issues of managing that great heritage well.”

The fact that English is one of New Zealand’s official languages will also be to its advantage, Franklin says.

“English is probably going to continue to be the main language spoken, despite the rise of China, and New Zealand’s links through the Commonwealth to Africa will be important. There is going to be tremendous population growth in Africa and it will be a very fast growing part of the world’s economy.”

Dr Franklin, who describes himself as “relatively optimistic” about the future, says with good management and the right policies, there is no reason that New Zealand will not come through the current period of wrenching change in good shape.

“My main piece of advice for NZ is to stay open ¬– to trade, to other people and cultures, and to ideas. There’s always the temptation when things are changing very fast around you to close up. New Zealand needs to compete in the world of ideas and the more open New Zealand is, the more likely it is going to be able to take advantage of the opportunities.”

Massey University Vice-Chancellor Steve Maharey says the University organised the forum with Westpac to create a stronger focus on New Zealand’s future. He believes the University is already responding to the future needs of New Zealand and the world, particularly in terms of agri-food research and education.

“New Zealand can’t feed nine billion people, but we can provide some of the thinking and knowledge it will take to do this, at the same time moving our products up the value chain.”

Westpac's managing director private, wealth and insurance Simon Power says: "Thinking long term is exactly what we as a country need to be doing, and having someone of Daniel Franklin's stature to assist with leading that discussion is an extraordinary opportunity. Westpac is proud to back any forum that gets us focused on what those opportunities may be."

A video of the forum presentations and Q&A session can be viewed at: http://www.massey.ac.nz/massey/about-massey/events/new-nz-forum/en/watch-live.cfm,

Picture captions:


1. Dr Daniel Franklin delivering the keynote address at the new New Zealand Forum


2. Future U winner Stephen Lines gets a copy of Megachange – The World in 2050 signed by Economist editor Daniel Franklin


ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Bad Day For Rope: Donaghys Job Losses Another Blow To Dunedin

The loss of 30 jobs from Donaghys rope and twine factory is yet another blow to the people and economy of Dunedin, says Dunedin South Labour MP Clare Curran. More>>

ALSO:

Oil: 2014 New Zealand Petroleum Summit

Simon Bridges: Our abundance of energy and minerals resources provides us with unique opportunities to build the New Zealand economy.

Over the past three years the Government has made significant changes to how the sector is regulated. More>>

ALSO:

WWF Report: Solutions In Reach; World Biodiversity Suffers Major Decline

Global wildlife populations have declined by more than half in just 40 years as measured in WWF's Living Planet Report 2014. Wildlife's continued decline highlights the need for sustainable solutions to heal the planet... More>>

ALSO:

Scoop Business: NZ Dollar Catches Breath After "Goldilocks" Slump

The New Zealand dollar edged up following its dramatic slump yesterday after the Reserve Bank confirmed speculation it intervened in the currency market last month and PM John Key suggested a “Goldilocks” level far lower than at present. More>>

ALSO:

Biosecurity: Kiwifruit Claim To Hold Officials Accountable For Psa

Kiwifruit growers have joined forces to hold Biosecurity NZ accountable in the courts for its negligence in allowing 2010’s Psa outbreak that devastated New Zealand’s kiwifruit industry and exports. Foundation claimants representing well ... More>>

ALSO:

Poison: Anglers Advised Not To Eat Trout In 1080 Areas

With the fishing season opening in just a few days (1 October 2014), anglers are being warned by the Department of Conservation(DOC) not to eat trout from pristine backcountry waters and their downstream catchments, where the department is conducting 1080 poisoning operations. More>>.

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news