In this article, Wayne Mulligan provides commentary on the benefits to Maori businesses of using the NZ-China Free Trade Agreement to gain a competitive market advantage. Some see economic integration as a threat to national sovereignty but FOMANA Capital believes that it reinforces NZ’s future viability as a nation-state.
It is clear with the world recession that many New Zealanders are becoming, albeit slowly, more aware of China and the importance it will play over the coming decades. Notably, China’s economy is still growing. They have cash and mega financial reserves, whereas England, the USA and much of Europe are re-gearing their economies. In short, the supposed develop nations are now borrowing to buy their way out of recession.
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Key quotes from article:
“FOMANA Capital is working with over 20 Maori businesses that are in the export arena. They are export focused businesses that realise the world does not owe New Zealand an income and that the living we create for ourselves has always depended vitally on trade. The path may be tough to Asian markets and beyond, but export-led growth will remain New Zealand’s best option – indeed, our only viable one – for sustaining and lifting living standards here. Like most countries, our domestic market is too small and too under-capitalised to generate satisfactory wealth by ourselves.”
“We need entrepreneurship. At FOMANA Capital we worship entrepreneurs, innovators and creators. That is why we are starting a programme to assist entrepreneurs get into and through the commercialisation eco-system. This programme is going to be called YGB: young gifted and brown. Brown is the new black.”
We need entrepreneurship : innovators and creators –to achieve this, I think it is essential to build capacity to uncover and create solutions to new problems.
A new film ”The YES Movie”produced by Louis Lautman , it told stories of successful young entrepreneurs, a bit more insights on this topic.
http://www.TheYESmovie.com