Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

International collaborations shown to benefit NZ Inc.


Universities New Zealand has today released a new Deloitte Access Economics report that assesses the benefits of international collaboration between New Zealand and overseas universities. It finds that collaboration on joint research, and the active encouragement of staff and student exchanges between them, bring strong economic benefits for the public.

The report, Assessing returns on international collaboration, was commissioned from Deloitte Access Economics by Universities New Zealand in order to get a better understanding of how international collaborations of all types can benefit New Zealand. The sorts of international collaboration activities assessed have a good economic return over a fifteen-year period as they are shown to generate knowledge and ideas that transfer to businesses and government and that, in turn, lift economic activity.

“We know that there are significant benefits to be had from collaborating with overseas partners, but until now it has been relatively difficult to quantify just what those benefits are, and how they translate to the wider economy and society,” says Universities New Zealand Executive Director, Chris Whelan.

“New Zealand taxpayers pay for a fair proportion of this collaboration activity through Government funding. It is important for us to be able to defend this investment and to prove its value.”

The key economic returns from every $1 invested into international collaboration after 15 years are:

• $2.46: International research collaboration – where academics and research teams from separate countries jointly produce academic research.
• $0.61: Academic mobility – where academic researchers physically move across borders, including both short-term exchanges and more-permanent migration. While it delivers an unfavourable return, there are other non-economic benefits such as a positive impact on international rankings.
• $1.06: Student flows – where international collaboration initiatives impact student flows between countries, covering both one and two semester exchanges and degree-length exchanges.
• $5.87: Work placement programmes – where students studying abroad undertake internships with local businesses. These can be thought of as an extension of the benefits of from student flows.

The report identified a wide range of other benefits from these collaboration activities where the economic benefit could not be reliably estimated. These other benefits include growing people-to-people links, fostering trade, supporting diplomatic links, and raising the profile of New Zealand more broadly.

“The other interesting finding in the report is that the vast majority of the economic benefit arising from international research collaboration goes to businesses that commercialise the resulting intellectual property and to government and taxpayers through increased tax revenue. Similarly, the vast majority of the benefits from student flows and work placement programmes goes to the students who enjoy better employment prospects and higher incomes and then on to the Government and taxpayers also through increased tax revenue.

“As the report notes, there is a significant opportunity for the Government to increase their support for international collaboration opportunities, given the clear returns from this sort of activity,” says Chris Whelan.

The full report is available here

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Thompson+ Clark, And Russia’s FIFA World Cup

Daily, the coalition government keeps running into examples of the toxic legacy left behind by National – and just as regularly, even the simple fixes are proving stubbornly difficult to enact. Take the case of the security firm Thompson + Clark, which has been employed – time and again - by state agencies over the past decade, to spy on (and provide security against) ordinary New Zealanders engaged in lawful forms of protest. More>>

 

HiveMind: Fair Enough? How Should New Zealanders Be Taxed?

Have Your Say! Scoop and PEP invite you to share your issues, ideas and perspectives on the NZ tax system with other New Zealanders using Scoop’s HiveMind tool. This Tax HiveMind is intended to complement and feed into the review being run by the Government-appointed Tax Working Group (TWG), which is looking at the fairness, balance and structure of the tax system with a 10-year time horizon. More>>

ALSO:

Gordon Campbell: On The GCSB’s Security Hang-Up With Russia

So our GCSB has chimed in, alongside its British, Australian and US allies, with warnings about a “fresh wave” of Russian cyber attacks, although the warning has been curiously framed. More>>

ALSO:

PM's Europe Trip: CHOGM & Bilateral Meetings

Prime Minister Jacinda Ardern is in urope for the Commonwealth Heads of Government Meeting (CHOGM) in London and meetings with counterparts in Paris and Berlin. More>>

ALSO:

Hit And Run: AG Gives Approval For Inquiry

Attorney-General David Parker has today announced a Government Inquiry will be held into Operation Burnham and related events. The operation undertaken in Tirgiran Valley, Afghanistan, ... More>>

ALSO:

Addressing Climate Change: No New Offshore Exploration Permits

The Coalition Government is taking an important step to address climate change and create a clean, green and sustainable future for New Zealand, Prime Minister Jacinda Ardern announced today. More>>

ALSO:

Road Safety Summit: Actions To Improve Identified

The Local Government Road Safety Summit held last week identified actions that will lead to lasting changes to road safety in New Zealand, says Associate Transport Minister Julie Anne Genter. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages