Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Corporate braindrain under National

2000 web site"The price of National's lacklustre economic management and complete failure to grasp that the future lies with the knowledge industries is creating a "corporate brain drain" which is costing this country dear," Labour finance spokesperson Michael Cullen said today.

Dr Cullen was responding to the announcement this morning that Auckland e-commerce software firm, exo-net, is relocating across the Tasman.

"exo-net is only the latest in a line of promising high-tech companies we have lost to Australia. Only last month, Telemedia - a company specialising in software design for the telecommunications sector - said it was leaving.

"And hi-tech American corporate, Motorola, is still deciding whether to take the risk of setting up its third Australasian facility here instead of in Australia.

"Motorola Pacific vice president Ron Nissen told the Dominion the underlying concern he had was "how strongly New Zealand as a nation and as a society is focused on having a significant presence in this whole information economy/knowledge-based business."

"The answer to Mr Nissen's question is that National's commitment is weak. You only have to look at its "Five Steps" package - all glitzy wrapping, no substance.

"But Labour has understood and been talking about the need to shift to a knowledge-based economy for years and has developed the policies to match," Dr Cullen said.

"Through our industry development programme, we will deliver a more sympathetic tax treatment for R&D, provide a range of finance options to assist innovative firms to move into new technologies, and will actively encourage high technology companies to locate and invest in New Zealand.

"We will also establish a small business research fund, provide additional research funding to the tertiary sector, work with employers to extend the Graduate Research in Industry Fund and set up "centres of excellence" where graduates and university staff can help prepare their work for commercial application.

"At the primary and secondary school level, we will ensure all teachers are trained in the use of information technology, investigate bulk-buying options for hardware, software and networking systems and work in partnership with business to provide interactive education," Dr Cullen said.

"We are the only party going into the election campaign with a specific policy on eCommerce. We are committed to promoting eCommerce by requiring all government agencies to notify their purchasing needs on the Industrial Supplies Office electronic system and by developing an eCommerce guide for small and medium-sized business.

"This list is not exhaustive. But it is a start. And it is desperately overdue after nine years of wasted and missed opportunities under National," Dr Cullen said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

National Terrorism Threat Level Moves To Medium
Medium is defined as a terrorist attack is assessed as feasible and could well occur. The new level remains higher than it was before the 15 March terrorist attack when the threat level was low. More>>


Environment Aotearoa 2019: Report Warns Environment In Serious Trouble

The report is jointly produced by the Ministry for the Environment and Statistics New Zealand, and is a follow on from the last report in 2015.

The report says the way New Zealanders live and make a living is having a serious impact on the environment, and the benefits New Zealanders get from being in nature, though not measured or quantified, could be lost. More>>


Gordon Campbell: On Scrapping The Capital Gains Tax

As PM Jacinda Arden said yesterday, there was no point in Labour bringing a proposal into the House that it didn’t have the votes to get passed. Looking back, maybe she always felt this outcome to be inevitable... More>>


City Rail Link: Billion Dollar Cost Rise (And Preferred Bidder)

The revised cost envelope for completing the entire Auckland City Rail Link project now totals $4.419 billion. The revised cost has yet to be endorsed by the project’s sponsors (the Crown and Auckland Council). More>>


Meth Scare: Debt Write-Off For HNZ Meth Testing Evictions

People living in Housing New Zealand (HNZ) properties who were wrongly evicted because of flawed methamphetamine contamination policies will have their related debts with the Ministry of Social Development (MSD) written off. More>>


RNZ Report: Fears Grow For NZ Nurse Kidnapped In Syria

A New Zealand nurse working for the Red Cross was captured by Islamic State (IS) in Syria more than five years ago, and there are now public pleas for any information that could help bring her home. More>>


Streets Blocked In London: Climate 'Extinction Rebellion' Reaches Aotearoa

Across the world, thousands of people are taking part in a rebellion to avert climate, ecological and human catastrophe. This begins in Aotearoa New Zealand today. More>>





InfoPages News Channels