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Productivity Commission says New Zealand must select priority areas and boost academia-industry links
New Zealand needs to support and incentivise “frontier firms” instead of relying on raw growth to develop its economy, a report from the national Productivity Commission has said.
The report—New Zealand Firms: Reaching for the Frontier—says the country can no longer rely on expansion and “damaging” industries. Instead, it needs a group of large, advanced companies to underpin research and innovation.