This gets in the way of New Zealand's innovators putting New Zealand on the leading edge of research and development (R&D), and Innovation. It claims this policy will help lift economy-wide R&D spending to 2 per cent of GDP in 10 years. Business confidence plays an important role in the decision to invest in R&D, particularly given investment in R&D is generally quite risky. 123RF Business confidence plays an important role in the decision to invest in R&D, Dr Parmjeet Parmar says. But it's clear the Government can't sustain this GDP growth, which makes its promise to increase economy-wide spending on R&D ring hollow.

Source: Stuff July 21, 2019 00:22 UTC