Foreign investors shun NZ

Last updated 05:00 31/01/2014

Relevant offers

Money

KiwiSaver tax rules 'unfair' Easter trading: 362.5 days not enough? 'As-is' home sale in Christchurch tops $1m World's largest curved TV revealed High dollar keeps lid on inflation rate Shoebox apartments 'good' for Auckland Tower's track and reward driver app Kiwis can't get enough of Easter treats Council rules boost property prices: English Clearance grocery chain growing

New Zealand's attractiveness as an investment destination has slumped in the last 10 to 15 years, according to think tank the New Zealand Initiative.

Its report Capital Doldrums: How Globalisation is Bypassing New Zealand shows foreign direct investment or FDI in New Zealand had stagnated, after a period of popularity between 1980s and mid-90s.

In 2011, a United Nations committee on trade and development put New Zealand 146th in the world for its ability to attract foreign investment, falling from 73rd in 2000. Australia was 24th.

Oliver Hartwich, the institute's executive director, said the country's poor FDI regulation settings let it down.

The report's co-author, Bryce Wilkinson, said New Zealand had to be less sensitive about overseas money. 

Ad Feedback

- © Fairfax NZ News

Special offers
Opinion poll

The 50c increase in the miminum wage is:

Fair

Not enough

Vote Result

Related story: Minimum wage up 50c

Featured Promotions

Sponsored Content