The below article was published recently in the New Zealand Herald, New Zealand’s largest circulated newspaper. In it, Andrew Kelly shares his views on multinational engagement in this region as part of a special edition on Capital Markets.
Good at ideas, not so good at going global
Like them or hate them, multi-national companies are a fact of life. They now deliver the vast majority of the goods we consume, at the lowest prices ever seen, and with consistent and ever-improving quality.
Think about cars, phones, planes and TV screens – the trappings of modern life. They have all become more available, better quality and relatively cheaper every year.
But there’s one tiny place where multi-nationals are not having an impact in New Zealand, and that is innovation.