Waikato regional economic profile - Waikato Regional Council

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Figure 4: Real value of goods and services exports 1971–2007 25Note: Index 1970 = 100.Approximately 31 per cent of GDP comes from exports currently. If this share is toincrease to 40 per cent, New Zealand would need to nearly treble the value of itsexports, from $60 billion to nearer $150 billion.1.3.2 Government’s Business Growth AgendaIn August 2011, Cabinet noted that a long run decline in New Zealand’s internationalcompetitiveness was hindering growth, and agreed to refresh the Government’s growthstrategy with the overarching goal of making New Zealand’s economy morecompetitive. 26In March 2012, Cabinet’s Economic Growth and Infrastructure Committee noted thatthe Business Growth Agenda was organised around six key inputs to business that thegovernment directly influences: capital markets; innovation; skilled and safe workplaces; resources; infrastructure; and export markets. 27The Government considers that access to these six inputs helps firms become morecompetitive and internationally connected. New Zealand needs business to sell morehigh-value goods and services overseas in order to raise living standards.The Government’s Business Growth Agenda includes a focus on:increasing business investment in research and developmentimproving access to capital for business growthsupporting the efforts of business to connect internationallybetter aligning our education and training with the needs of businessesdeveloping our high-value manufacturing and services industriesexpanding the high-value foods sector, andincreasing the returns from tourism.25Boven et al (2010, p. 2).26Cabinet Minute of Decision CAB Min (11)31/11 (August 2011).27Cabinet Economic Growth and Infrastructure Committee Minute of Decision EGI Min (12) 3/1 (7 March 2012).Page 8 Doc #: 2069885
1.4 Regional economic development1.4.1 International policy trendsThere is an opportunity to identify the opportunities and barriers to economicdevelopment in Waikato and how this region contributes to national prosperity. In itsorigins, regional development policy internationally was essentially about the transfer ofresources from wealthier regions to lagging regions. The ultimate policy objective wasto compensate for regional disparities in employment and other aspects of economicperformance in the poorer regions.Since the late 1990s there has been a new vision for regional policy, conceived as aset of cross-sectoral initiatives supporting a more balanced development pattern on thebasis of existing local strengths and assets. This new paradigm has been adoptedprogressively and regional development policy now increasingly aims to create theconditions for growth in each territory on the basis of local assets, capabilities andeconomic potentialities. 28 Table 1 sets out the old and new paradigms of regionalpolicy.Table 1: Old and new paradigms of regional policy 29ObjectivesOld paradigmCompensating temporarily forlocation disadvantages oflagging regionsAdministrative unitsNew paradigmTapping underutilised potentialin all regions for enhancingregional competitivenessFunctional economic areasUnit ofinterventionStrategies Sectoral approach Integrated development projectsTools Subsidies and state aids Mix of soft and hard capital(capital stock, labour market,business environment, socialcapital and networks)Actors Central government Different levels of governmentCurrent New Zealand Government policy reflects findings in OECD literature that thedriving force behind long-term economic growth is science, technology and innovationin its different forms. 30 There is also a growing recognition internationally of the regionaldimension in national innovation strategies in harnessing localised assets andimproving policy impacts. The increased relevance of networks and connectivity forinnovation also reinforces the importance of regional innovation systems. But regionsare not countries and cannot simply replicate national policies at a regional scale. Tomaximise the impact, and recognise the limits, of innovation policies by, in and forregions, national and regional governments should consider the following areas forpolicy improvement:Acknowledge the diversity of regional economic and innovation profiles;Identify the scale and scope for innovation policy in regions by considering:1. the institutional context2. the regional innovation system, and3. the strategic choices made by regions.Regions need to adopt more sophisticated policy approaches to become agentsof change. To this end, the following four steps are necessary:1. Develop a vision and a strategic road map to encourage innovation.2. Design a smart policy mix.3. Establish multi-level, open and networked governance structures;28OECD (2011, p. 32).29OECD (2011, p. 51).30OECD (2011, p. 18).Doc # 2069885 Page 9
Page 1 and 2: Waikato Regional Council Technical
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Page 7 and 8: Table of contentsAcknowledgementLis
Page 9: 11.2.5 Industry Training Organisati
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Page 14 and 15: The Government aims to create an en
Page 16 and 17: TransportAlmost a quarter of total
Page 18 and 19: Regional competitivenessRelative pe
Page 20 and 21: WRC identified three flagship goals
Page 22 and 23: WRC adopted the concept of green gr
Page 26 and 27: 4. Foster policy learning through b
Page 28 and 29: economic development strategy for t
Page 30 and 31: Figure 5: Economic value added by s
Page 32 and 33: Figure 8: Unemployment by region, 2
Page 34 and 35: Figure 12: Median household and per
Page 36 and 37: Figure 15: Deprivation in Hamilton
Page 38 and 39: In addition to dairy products contr
Page 40 and 41: In May 2009, DairyNZ launched the S
Page 42 and 43: New Zealand exported $716.9 million
Page 44 and 45: Wallace Meats: is a subsidiary of W
Page 46 and 47: Figure 29: Location quotient and em
Page 48 and 49: Figure 30: AgBio New Zealand produc
Page 50 and 51: Five of New Zealand’s six largest
Page 54 and 55: Most providers of high valueservice
Page 56 and 57: When measured for its value to the
Page 58 and 59: is not considered by this profile t
Page 62 and 63: 4.2 Transport4.2.1 RoadThe current
Page 64 and 65: Local roads in the Waikato region a
Page 66 and 67: Waikato to, or from, the Bay of Ple
Page 68 and 69: Approximately 40 per cent of all ex
Page 70 and 71: Figure 58: International arrivals t
Page 72 and 73: The New Zealand Energy Strategy has
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Figure 62: Transpower transmission
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Coal has been mined in the Waikator
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4.3.4 OilWaikato does not produce o
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etween 75 and 100 years. 202 The de
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Taupō District CouncilWater supply
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4.4.3 Productive water infrastructu
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The surveys identified that there i
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RBI has been implemented by the Gov
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Figure 76: RBI broadband in the cen
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5 People5.1 SummaryThis chapter des
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Figure 81: Urban population in the
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5.2.3 AgeingFigure 83: Percentage i
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Figure 88: Proportion of population
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Figure 92: Highest qualification pr
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Figure 95: Labour market areas in t
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Figure 99: Commuting patterns (2006
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Three areas of the Waikato region h
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Figure 101: Land uses in the Waikat
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120%100%80%60%40%Land with limitati
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6.6 WaterFreshwater is important fo
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Table 10: Current water take author
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7 Institutions7.1 SummaryCentral an
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The final report of the Government
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Local authority Strategy DeliveryRo
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Local authority Strategy Vision Goa
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Local authority Strategy Vision Goa
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Figure 106: Iwi of the Waikato regi
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SettlementprogressMāoriCommercialA
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SettlementprogressDeed ofSettlement
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Figure 108: Geographic units with 0
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Figure 111: Entry rate (percentage
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Gas supply 0.44Air transport, servi
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Capital productivity is value added
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have low tangible assets and low or
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11 Innovation system11.1 SummaryAs
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Zealand universities (34 per cent).
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cent), health (21 per cent) and hos
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Figure 124: Waikato ITO trainees (2
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The University of Waikato has five
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esearch.” 398 Research is essenti
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Landcare ResearchNational Institute
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11.4 Business development and growt
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Waikato Innovation Park provides se
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12 Key findings and next stepsThe W
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There are also a number of opportun
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BibliographyAFFCO New Zealand 2010.
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Hauraki District Council 2009. Haur
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Ministry of Economic Development 20
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New Zealand Transport Agency 2010.
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South Waikato District Council 2009
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Waikato Regional Council 2011f. Lan
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Waikato regional economic profile - Waikato Regional Council

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