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New Zealand’s councils want more of a say over local matters. Informed by local knowledge, they believe they can make better choices for their people than the central government in Wellington. Read more
Wellington (Thursday, 22 August 2024) - The New Zealand Initiative welcomes the government's newly released Regional Deals Strategic Framework, seeing it as a positive step towards empowering local communities and fostering economic growth. Nick Clark, Senior Fellow at The New Zealand Initiative, says the framework aligns with many of the recommendations the think tank has been advocating for years. Read more
Dr Oliver Hartwich appeared on The Platform to talk to Sean Plunket about the recent cut to New Zealand's Official Cash Rate (OCR) by the Reserve Bank. Oliver explains that while the decision was economically justified given the country's economic struggles, he criticises the Reserve Bank's communication, arguing they should have been more transparent about changing their previous stance. Read more
In recent weeks, media reports have highlighted two seemingly unrelated issues: a severe shortage of General Practitioners (GPs) and the closure of businesses due to soaring electricity prices. While these issues may appear to be distinct, they share a root cause. Read more
This week the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC) lowered the Official Cash Rate (OCR) from 5.50% to 5.25%. Many market economists predicted this change. Read more
Old fashioned crimes, like car theft and burglary, have certain characteristics that can be annoying for the police. For one thing, laws have to be passed to define them. Read more
If you have ever attended an Australia-New Zealand business conference, you will know how predictable they have become. So much so, one could script them in advance: effusive declarations of being family, obligatory jokes about rugby and pavlova, followed by the same old gripes about mutual recognition and franking credits. Read more
Wellington (Wednesday, 14 August 2024) - Canada’s devolution of health services to First Nations provides a strikingly different way of thinking about localism, according to Dr Eric Crampton, Chief Economist with The New Zealand Initiative. “Canada’s central government has long provided, under treaty, a ‘medicine chest’ of funded services to First Nations peoples. Read more
New Zealand has one of the world’s more centralised governments. Most taxation, regulation, and spending happen at the central government level. Read more
Even if Labour had not banned offshore oil and gas exploration in 2018, it seems unlikely that exploration since then would have been delivering gas today. Gas reserves would have had to be discovered, then permits and equipment for drilling secured. Read more