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The Times

'Courageous' investment means innovation stays in NZ, not sold off overseas

  • Written by Jessica C Lai, Associate Professor in Commercial Law, Te Herenga Waka — Victoria University of Wellington
'Courageous' investment means innovation stays in NZ, not sold off overseasShutterstock/ChameleonsEye

New Zealand is in an economic recession and the government is trying to spend its way through it with direct investment to boost the economy and jobs.

At the same time, the Reserve Bank of New Zealand (RNBZ) plans to lend retail banks money at low interest rates in the hope they are — as the reserve bank governor,...

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