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Top scientist Sir Paul Callaghan says New Zealand is a poor nation because we work at low-wage activities.

"We have the capacity to be prosperous, but we choose not to be," the New Zealander of the Year said in a speech to the Labour Party congress yesterday.

Thursday's budget has been criticised for its lack of a coherent plan for economic growth, when Callaghan said New Zealanders were looking for a vision "about where we can go as a country".

There was a disparity between rich and poor compared with other developed countries, productivity was near the bottom of the OECD despite Kiwis working longer than those in other developed countries, and we were failing to capitalise on a school system that performed highly in international comparisons.

To read the full, original article click on this link: Innovation needed to boost economy - business | Stuff.co.nz