Growth under pressure - What business can do to restart growth
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Adversity can be a great motivator. Confronted by oil shocks in the 1970s, governments and businesses together initiated a wave of innovation that boosted the supply and productivity of resources from energy to agriculture. This achievement set the stage for a 30-year decline in resource prices. Something similar is needed today - urgently.
Bring private capital to public works, strengthen internet ecosystems, meet the resource-productivity imperative, close the skills gap, build public–private partnerships. Does this have an application in New Zealand? ... READ MORE
Presented by McKinsey Global Institute September 2011.