And yet it is sobering to turn from the impressive anecdotes to the hard data, where we find that New Zealand’s ratio of exports of high-tech products to our imports of such products is among the very lowest in the developed world – ahead only of OECD laggards Greece and Turkey.
While making adjustments in the three excesses, firms have been reviewing their business lines based on the principle of "selection and concentration" and improving their ability to generate high-valueadded products and services as they face intensified global competition. As a result, their profitability has improved greatly.