Foreign capital favoured

Press, 18 April 1980, Page 18

Foreign capital favoured

About twice as many New[< Zealanders believe this coun- 1 - try has to attract foreign in- il vestment capital as are cqn-| cerned about foreign m-ji vestment removing some of I: New Zealand’s independence, 1 ! according to a survey con- ii ducted bv Ogilvy and Math-11 [er, the Wellington-based ad-| vertising agency. ' The survey showed that: while some people were con-; cerned that the country s; independence would be com-; promised by the attraction (of foreign investment capi- 1 tai, about twice as many: people thought investment!' from overseas was necessary , to maintain a good standard

of living and allow New Zealand to keep pace with the rest of the world. i This attitude was .also 1 ! more prevalent among re-, (spondents in the survey than j 1 concern about money being, itaken out of New Zealand; by foreign investors. ■ i Conducted in early /Febru- ■ ■ary, prior to the news of a, : Coromandel farm being, ■bought by a Saudi Arabian: ! interest, the survey ques-i itioned 1000 persons aged la, !,. O3 rc - ove, throughout; New Zealand. i Kesuu>‘<.viitS were asked which of four statements

k ~*/^ r > b ed their attitude ' to the way in which foreign invested in New Zealland would affect the country. ( The four statements were[Will remove some of New (Zealand's independence [which gained al4 p er ctnt ' . • response; will result in .money being taken out of ,New Zealand (15 per cent)(is necessary to maintain a ’ (good standard of living (20 .per cent): and is necessarv (to- keep pace with the res’t ' of the world (36 per cent) Six per cent answered “don’t know.”