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

 

ICT Innovation: Six NZ Finalists In World Summit Awards

The awards are a global showcase of 40 projects, across eight categories, with a special emphasis on those which show the benefits of information and communication technology for the development of communities. New Zealand has finalists in six of the eight categories. More>>

ALSO:

Final Frontier: Rocket Lab And NASA Sign Commercial Space Launch Agreement

Rocket Lab has signed a Commercial Space Launch Act Agreement with the National Aeronautics and Space Administration (NASA). The agreement enables Rocket Lab to use NASA resources - including personnel, facilities and equipment - for launch and reentry efforts. More>>

ALSO:

Scoop Business: Wheeler Downplays Scope For ‘Large’ Rates Fall

Reserve Bank governor Graeme Wheeler says some market commentators are predicting further declines in interest rates that would only make sense for an economy in recession, although some easing is likely to be needed to maintain New Zealand’s economic growth. More>>

ALSO:

Ruataniwha Dam: Consent Conditions Could Mean Reduced Intensity

Legal advice sought by the Hawke’s Bay Regional Council on the Ruataniwha Dam consent conditions has confirmed that farmers who sign up to take water from the dam could be required to reduce the intensity of their farming operation to meet the catchment’s strict nitrogen limit. More>>

Health And Safety: Bill Now Sees Rules Relaxed For Small Businesses

Health and safety law reform sparked by the Pike River coalmine disaster has been reported back from the industrial relations select committee with weakened requirements on small businesses to appoint health and safety representatives and committees. More>>

ALSO:

Bearing Fruit: Annual Fruit Exports Hit $2 Billion For First Time

The value of fruit exported rose 20 percent (up $330 million) for the June 2015 year when compared with the year ended June 2014. Both higher prices and a greater quantity of exports (up 9.0 percent) contributed to the overall rise. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news