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Small, advanced, and beautiful – a meeting of economies

Small, advanced, and beautiful – a meeting of economies
Denmark, Finland, Israel, Singapore. All countries constantly extolled as examples for New Zealand to aspire to.

Denmark, Finland, Israel, Singapore. All countries constantly extolled as examples for New Zealand to aspire to.

All five will be brought together at the Small Advanced Economies meeting in November, science and innovation minister Steven Joyce announced at a Royal Society of New Zealand event last night, with the hope that could lead into the establishment of a more formalised network.

“The Small Advanced Economies initiative is about how small nations that face similar challenges and opportunities in an increasingly inter-connected and competitive global economy can learn from each other,” Joyce said.

“It is intended that each country will contribute senior leaders in the area of science and innovation, as well as in foreign policy and trade policy. They will discuss how our countries can best position themselves for growth by developing and harnessing the power of innovation.

“New Zealand, for example, needs to make progress on better commercialising our ideas. That’s an example of where learning from the experience of those other small economies will be very valuable.”

The Small Advanced Economies meeting is being jointly led by the Prime Minister’s chief science advisor Sir Peter Gluckman, the Ministry of Foreign Affairs and Trade, and the Ministry of Business, Innovation and Employment.