NZ Productivity: Catching Up With Australia - Everyone Must Help
March 5th, 2010
Andrew Gawith a director of Gareth Morgan Investments has been looking at the vexing problem of how to improve NZ’s economic position in relation to Aust. Writing in the NZ Herald, he says our thinking has to change if we’re to have a chance of meeting such a difficult goal. “The problem seems to be too many of the solutions are driven from the top and employees are expected to deliver according to the plan.” There’s no ownership further down organisations and therefore commitment to change fades - and in some cases resistance sets in.
Better to involve as many people as possible in searching for the small changes which accumulate into real progress. Economic growth may be a macro concept but it is driven by small decisions made by a wide range of players in the economy from individual entrepreneurs and households, to boards of directors, regulators and researchers. How individuals allocate their time and skills, what they do with the income they earn, and where they invest their savings are very important decisions in determining future growth.
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