SIR PAUL CALLAGHAN (1947-2012)

http://www.youtube.com/watch?v=OhCAyIllnXY

NEW ZEALAND’S ECONOMIC HISTORY

1970

1973

1976

1979

1982

1985

1988

1991

1994

1997

2000

2003

2006

2009

0

5000

10000

15000

20000

25000

30000

35000

40000Australia New Zealand Finland South Korea

Denmark

Rea

l G

DP

per

cap

ita

(US

D,

year

200

0 p

rice

s)NEW ZEALAND’S ECONOMIC HISTORY

Korea

Singapore

Japan

Australia

Switzerland

Spain

Canada

Czech Republic

Greece

Slovenia

Estonia

Portugal

Italy

Sweden

France

Denmark

0 10 20 30 40 50 60

Government revenue as a % of GDP

Americans for Tax Reform/Property Rights Alliance

International property rights index (2012)Finland 1 8.6

Sweden 2 8.5

Singapore 3 8.3

Switzerland 3 8.3

Norway 3 8.3

New Zealand 6 8.2

Luxembourg 6 8.2

Denmark 6 8.2

Legal and political rights index (2012)New Zealand 1 8.8

Finland 1 8.8

Sweden 3 8.7

Denmark 3 8.7

Norway 3 8.7

Switzerland 6 8.6

Luxembourg 6 8.6

Netherlands 8 8.5

Lack of corruption score (2012) New Zealand 1 90

Denmark 1 90

Finland 1 90

Sweden 4 88

Singapore 5 87

Switzerland 6 86

Norway 7 85

Australia 7 85

Enabling trade index (2012)Singapore 1 6.14

Hong Kong 2 5.67

Denmark 3 5.41

Sweden 4 5.39

New Zealand 5 5.34

Finland 5 5.34

Netherlands 7 5.32

Switzerland 8 5.29

Canada 8 5.22  “The New ZealandParadox”

Diversification matters

NZ DENMARK0

20

40

60

80

100

120

140

NZ$

bill

ions

, yea

r end

ed Ju

ne 2

012

Primary

Oil

Biomedical

Metal processing

Chemicals

Machinery

Apparel

Road vehicles

Furniture

Electrical equipment

Scientific equipment

Source: Statistics NZ, StatBank Denmark, DataStream, NZIER, July 2012; Courtesy of Dr Helen Anderson

Manufacturing

Primary

EXPORTS

Diversification matters

NZ DENMARK0

20

40

60

80

100

120

140

NZ$

bill

ions

, yea

r end

ed Ju

ne 2

012

Primary

Oil

Biomedical

Metal processing

Chemicals

Machinery

Apparel

Road vehicles

Furniture

Electrical equipment

Scientific equipment

Manufacturing

Primary

EXPORTS

Source: Statistics NZ, StatBank Denmark, DataStream, NZIER, July 2012; Courtesy of Dr Helen Anderson

Alan Liefting

20102010 19951995

NZ DENMARK

1980 1985 1990 1995 2000 2005 20100.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5%

of

GD

P s

pen

t o

n R

&D

DENMARK

1980 1985 1990 1995 2000 2005 20100.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5%

of

GD

P s

pen

t o

n R

&D

DENMARK

NEW ZEALAND

Primary Manufacturing Services0

100

200

300

400

500

600

Private sector Public sector

R&

D s

pen

din

g (

2010

, m

illi

on

do

llar

s) NEW ZEALAND

THE INNOVATION ECOSYSTEM

0.01 0.1 1 10 100 1000 10000 100000 1000000

0.001 0.01 0.1 1 10 100

0.001

0.01

0.1

1

10

100

1000

10000

100000

1000000

10000000

10000

100000

1000000

Density (plants per square metre)

Av

era

ge

ma

ss

(g

ram

s)

Number of companies with greater revenues

Re

ve

nu

e (

NZ

D '0

00

)

THE INNOVATION ECOSYSTEM

0.01 0.1 1 10 100 1000 10000 100000 1000000

0.001 0.01 0.1 1 10 100

0.001

0.01

0.1

1

10

100

1000

10000

100000

1000000

10000000

0.275

2.75

27.5

275

Biomass distribution

New Zealand patents

Density (plants per square metre)

Av

era

ge

ma

ss

(g

ram

s)

% of firms with more than N patents

Nu

mb

er

of

pa

ten

ts, N

THE INNOVATION ECOSYSTEM

0.01 0.1 1 10 100

0.001 0.01 0.1 1 10 100

0.001

0.01

0.1

1

10

100

1000

10000

100000

1000000

10000000

1

10

100

1000

10000

United States Australia

New Zealand Finland

Density (plants per square metre)

Av

era

ge

ma

ss

(g

ram

s)

% of firms with more than N patents

Nu

mb

er

of

pa

ten

ts, N

THE INNOVATION ECOSYSTEM

THE INNOVATION ECOSYSTEM

0.01 0.1 1 10 100

0.001 0.01 0.1 1 10 100

0.001

0.01

0.1

1

10

100

1000

10000

100000

1000000

10000000

1

10

100

1000

10000

United States Australia

New Zealand Finland

Density (plants per square metre)

Av

era

ge

ma

ss

(g

ram

s)

% of firms with more than N patents

Nu

mb

er

of

pa

ten

ts, N

THE INNOVATION ECOSYSTEM

THE INNOVATION ECOSYSTEM

Catherine Mohr

We need to build a city of four million people

We need a dating service for ideas

We need to invest in science & innovation

We need to build a city of four 5 million people

RevenueUS$100m

RevenueUS$3b

Pohuenui Island in Marlboroughmerino wool fibre

expanded polytetraflouroethylene

Auckland

A TALE OF TWO INNOVATIONS

We need to build a city of four million people

We need a dating service for ideas

We (really) need to invest in science &

innovation

We need to see ourselves as people of

knowledge