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Have you ever heard the adage that you cannot have infinite economic growth in a finite planet? Or that economic growth is all well and good, but it is time New Zealand focussed our attention on other things? Read more
I moved to New Zealand in 2003 because I saw it as an island (well, three islands and change) of sanity in a world going mad. The Outside of the Asylum, as Douglas Adams might put it. Read more
Wellington (13 March 2015): If you have recently been told that economic growth makes us unhappy, that it spoils the environment and that it increases inequality in society, think again. That is the key message of a new report from public policy think tank The New Zealand Initiative. Read more
New Zealand is not a cheap place to live – for a lot of reasons. We’re far from a lot of major markets, so shipping goods here can be expensive. Read more
Wellington (12 February 2015): The New Zealand Initiative says Chatham Rise Phosphate’s failure to secure a mining consent underscores the flaws in marine resource legislation, which if left unchanged, could permanently stunt economic growth in New Zealand. The Environmental Protection Authority (EPA) yesterday announced that would not grant the Wellington-based company a consent to harvest rock phosphate nodules from Chatham Rise, an undersea ridge situated several hundred kilometres off the Canterbury coast. Read more
Lower prices from productivity gains and lower import prices relative to export prices are a good thing. Yet many overseas commentators worry about price deflation. Read more
Wellington (5 February 2015): The New Zealand Initiative welcomed today’s Productivity Commission report highlighting the importance of productivity growth. The report, “Who benefits from productivity growth? Read more
Late last year, Australia proposed a repeal bill that could see the Australian Taxation Office and Australian Securities and Investments Commission take charge from the Australian Charities and Not-for-profits Commission (ACNC). ACNC is the body that regulates and maintains a database of all registered charitable entities in Australia. Read more
Usually, we call things stable when they do not change and unstable if they do. Apparently this is not the case in monetary policy. Read more
If you have been scanning the press over the past week or so you may have come across an opinion piece by Michael Pascoe, prophesying doom for the New Zealand dairy industry and the Kiwi economy in general. Pascoe has taken a look at the similarity between iron ore and dairy prices since 2013 - both have more or less halved in value over the period - and concluded that there is a hard landing in store for New Zealand. Read more