Investment trend ‘disastrous’
Suggestions of an improvement in New Zealand’s terms of trade were camouflaging a disastrous trend in investment in
agriculture and manufacturing, the Opposition spokesman for trade and industry, Mr Phillip Burdon, said last evening.
He said investment in agriculture had fallen 84 per cent since 1984. Investment in manufacturing had dropped 85 per
cent during the same period. “The terms of trade become meaningless if the country fails to invest
in the future,” he said. Failure to reverse that investment decline would mean an inability to compete in years to come.
He said the terms of trade figures concealed a “frighteningly negative mentality in the productive sector.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890406.2.76
Bibliographic details
Press, 6 April 1989, Page 9
Word Count
110Investment trend ‘disastrous’ Press, 6 April 1989, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in