On the ninth of February, the government announced its plans to incentivise migrants to invest in New Zealand. Foreign investment refers to when an individual, company or government invests money in businesses in another country. Foreign investment can bring economic benefits such as job creation, increased capital flow and access to new markets, which New Zealand is severely lacking.

The government aims to welcome more people to contribute to Aoteroa and make it easier to do so. The new “Invest NZ” agency is modelled off the success of Ireland’s Industrial Development Agency and Singapore’s Economic Development Board.

Sasha spoke to the University of Auckland’s Burt Burmester about the government’s foreign investment strategy. He claims that incentivising foreign investment from sovereign wealth funds does not grant New Zealand access to highly sought-after industrial knowledge. We also spoke about alternatives to foreign investment strategies and how to increase New Zealand’s capital. Here is that interview.