Home ownership, skills inequality and funding deficit
The Māori economy is being held back because of low homeownership rates among Māori, says Westpac acting chief executive Simon Power.
Māori businesses were growing in number, but were underrepresented within Aotearoa’s economy, and faced barriers to growth, Power said at the Apec 2021 Live virtual business summit on Wednesday.
Power presented a research report for the event from economic research firm Berl and Māori-owned business advisory OpinioNative, which concluded the Māori economy was not a distinct or separate economy, but interwoven into the wider economy.
But it identified three big hurdles that were holding Māori back from achieving their economic potential.