Investor Presentaiton

Transition To An Innovation-Driven Economy Conflicting Government Policies EXAMPLES Consistent with an Innovation-driven Economy • Efforts to reduce compliance costs for business • Significant investments in education ● Tightening of antitrust laws and enforcement • Efforts to improve risk capital availability • Plans to create R&D grants • Policies to encourage Maori business development Inconsistent with an Innovation-driven Economy • Policies that increase labor market rigidity • Weakening of national education standards • Creation of a government- owned bank • Elimination of private pension system • Lack of competitive R&D tax credits CAON New Zealand Presentation 08-04-01 CK 49 Copyright © 2001 Professor Michael E. Porter

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