Saving ourselves

Commentator John Gascoigne ( NZ Herald, July 20) is right in that higher earnings are achievable through increased (profitable) productivity and exports.

But — apart from working longer and harder if possible — it is clear that increasing productivity and exports require a higher rate of capital savings for profitable investment and debt repayments.

So — for “exporting ourselves into a better future”, would not the primary requirement be to raise our national and personal savings rates, as modestly initiated already through the NZ Super Fund and KiwiSaver ?

Even a fixed income service provider can raise his/her productivity by saving or creating a surplus for useful investments

Jens Meder, Pt Chevalier.