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

 


NZ slips one place on global innovation index

NZ slips one place on global innovation index

By Pattrick Smellie

July 18 (BusinessDesk) - New Zealand's global innovation ranking has slipped from 17th to 18th, while Australia has jumped three places to 17th in rankings calculated for the 2014 Global Innovation Index, compiled by Cornell University.

While New Zealand scores highly in areas such as political stability (3rd), investor protection (1st), effective government (9th) and regulatory quality (4th), the overall ranking is pulled down by such low placings as 64th in economic output per person employed, 63rd in high and medium high-tech exports, and 64th in the number of science and engineering graduates, despite a reasonably high ranking of 16th for reading, maths and science proficiency.

New Zealand is ranked fifth among six "innovation leaders" in the Asia-Pacific region, which was led in 2014 by Hong Kong, which pushed the previous top-ranked innovation nation in the region, Singapore, into second place.

Topping the index was Switzerland, with the UK in second place, followed by Sweden, Finland, the Netherlands and the US. Small innovative economies which New Zealand likes to compare itself with, such as Israel and Denmark, scored 15th and eighth respectively.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Season Ends: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news