New Zealand becoming more competitive
The global competitiveness of New Zealand is on the rebound. Over the last year the country has managed to claw back five places to hit number 20. The IMD World Competitiveness Yearbook, a Swiss-based survey of 60 economies has pushed New Zealand up from last year’s 25th place.
The result puts the Kiwis closer to their neighbours Australia who have dropped from 16th to 17th place in the tables. Gary Sturgess, chief executive of New Zealand Institute of Management, said the higher placing was a reflection of how the country’s economy was coming back on track.
He added that in order to remain competitive in the Asian marketplace, New Zealand will have to strive to do better than it has in the past few years. Mr Sturgess is still concerned that there are not enough skilled workers available for international management jobs.
Employee training and entrepreneurship are still way down the list, and performance is being inhibited by low workplace productivity and a lack of skilled labour. The NZIM wants to see more senior managers who are internationally competent and better trade connections on the international market.
An increase in work-place skills and productivity is also being called for.
The NZD exchange rates on 23/05/2014 were as follows: GBP NZD = 1.9677, EUR NZD = 1.5938, USD NZD = 1.1692, AUD NZD = 1.0793, CHF NZD = 1.3057, INR NZD = 0.02, AED NZD = 0.3186, MXN NZD = 0.0909, CAD NZD = 1.0764, ZAR NZD = 0.1135, RUB NZD = 0.0342, . See today's New Zealand Dollar Exchange Rate
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