Look East For The New Economic Future
May 21st, 2009
David Mahon, MD of Mahon China Investment management says NZ businesses must look to China for impetus to bring about much needed economic change. He says the FTA negotiated with China, the world’s first, gives this country unparalleled opportunities there, but with other nations already knocking on the door, the time for vacillation is over. He says NZ companies must stop waiting for the Govt to hold their hands as they move cautiously into China, and simply get into the market. He says now is an excellent time to establish “brand NZ” in China.
Another expat with a take on where the world economy is going is Stephen Jennings. His company, Renaissance Capital, is heavily involved in Russia. He says the days of the western model being the primary economic model for the world are over, and he points to Singapore, Malaysia, Indonesia, Azerbaijan and Vietnam, which have experienced more explosive growth without choosing the western model. One advantage he sees – stable, but not democratic Govt, which means big decisions can be made fast. He predicts many emerging economies will soon outstrip NZ on the world stage. The message – follow the growth arrow.
For copy of David Mahon’s NZ- China report, email tdoe@themainreport.co.nz
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