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In a couple of weeks’ time, over 413 million European voters in 28 countries will be asked to vote for the European Parliament. Hundreds of parties, divided by political orientation and nationality, are competing for the 751 seats. Read more
MYTH 1: Foreign investment means loss of control Parliament remains the supreme law-making body, inwards foreign investment must comply with New Zealand laws, and foreigners don't get to vote. Land use and business activity is extensively regulated in New Zealand, for overseas and local investors alike. Read more
This week, The New Zealand Initiative releases its third and final report in the foreign direct investment (FDI) series, Open for Business: Removing the barriers to foreign investment. The report focuses on New Zealand's policies towards inwards overseas investment, the centrepiece of which is the Overseas Investment Act 2005 (OIA). Read more
Openness to foreign trade and capital is fundamental to New Zealand's prosperity. If we get both aspects right, New Zealanders can enjoy the best things the world can offer and great job prospects – without emigrating. Read more
When Labour announced its so-called “Monetary Policy Upgrade” this week, their finance spokesperson David Parker was aware of what a radical departure from conventional monetary practice it was. When asked whether one of its key proposals, a compulsory variable savings rate (VSR), was in place anywhere else in the world, Parker had to admit that “nowhere currently” was such a scheme practised. Read more
You may find Russian President Vladimir Putin’s behaviour in the Ukraine crisis objectionable; you may deplore his blatant disregard of international law and condemn his brutal ruthlessness in the pursuit of Russia’s interests. However, one thing Putin’s behaviour is not: irrational. Read more
New Zealand affords itself the luxury of treating overseas investment as a privilege rather than as a necessary and desirable means of better integrating ourselves with the world, so as to make the most of what it has to offer. That blinkered attitude permeates our regulatory regime, which the Organisation of Economic Co-operation and Development assesses to be more restrictive than the regimes of 47 other countries out of a total of 53 countries. Read more
Since the Living Wage Aotearoa's campaign launched in March last year, there has been no shortage of talk about the feasibility of its implementation, and how it will affect the business of employers and the livelihood of workers. Last week, Jesse Chalmers - treasurer for the Auckland division of the Green Party - waxed lyrical about the positive impact the living wage allegedly had on her small-to-medium enterprise. Read more
After fighting the weakness of its euro currency for the past five years, the European Central Bank now seemingly has an even more fearsome opponent to tackle: the strength of the euro. At least this is the narrative that the ECB is trying to establish. Read more