Category Archives: Growth & Innovation

The Future Structure of the New Zealand Economy

I was asked by a Spanish journalist the following two questions (particular with attention to a historical perspective): How likely do you see (if at all) a transition from an economy based on primary products towards an economy where digital services exports might play an important part? I would also like to ask about the…
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Presentation for New Zealand Productivity Commission Launch of Inquiry on Economic Resilience

Thursday 24 November The Commission’s report on the seminar is here. It includes the my overheads which accompanied the presentation. Introduction I have been commissioned to prepare a report for the New Zealand Productivity Commission’s inquiry into economic resilience. The purpose of the report is threefold: 1.         to describe how New Zealand has attempted to…
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UNFINISHED BUSINESS

Paper to the Fabian Society, 12 October, 2016   While we continue to chew over the carcass of the Fourth Labour Government – the Lange-Douglas one – we pay little attention to the subsequent Fifth Labour Government. Yet the Clark-Cullen one is greatly shaping the current Labour Opposition and the current National Government. It will,…
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DOES INEQUALITY AFFECT ECONOMIC GROWTH?

The OECD says yes; how do we respond? Pundit: 15 December, 2014. Keywords: Distributional Economics; Growth & Innovation; A recently released OECD report concludes that economic inequality hurts economic growth, and has particularly done so for New Zealand. Some of our responses were plain bizarre. Either the non-economic commentators had not understood the issue or…
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OUR PETER JACKSON OF CHILDREN’S LITERATURE?

How New Zealand businesses succeed internationally.   Pundit: 30 November, 2014.   Keywords: Growth & Innovation; Literature and Culture;   One of life’s pleasure is sitting with a child on one’s lap reading a book to them: attractive – sometimes mysterious – illustrations, humorous – even mischievous – plots, rhythmic sentences and just enough eccentric…
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IS NEW ZEALAND’S INNOVATION POLICY TOO ELITIST?

We should focus more on introducing and adapting the world’s innovations using a skilled workforce.   Pundit: 17 November, 2014   Keywords: Growth & Innovation; Labour Studies;   Our so called ‘innovation policy’, which is at the heart of the government’s growth strategy – insofar as it has one – seems to be fundamentally flawed….
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AND THE WINNER IS …

In the economic contest between communist China. and democratic India what matters is people.   Listener: 9 August, 2014   Keywords: Growth & Innovation; Political Economy & History;   The debate in the 1950s was whether the Chinese economy would do better than the Indian one. Both countries had become independent in the late 1940s,…
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Shock of the New

Oh for leaders who cushion us from economic blows and remain progressive.   Listener: 12 December, 2013   Keywords: Growth & Innovation; Political Economy & History;   We might pretend economic management is concerned with accelerating growth, but it is mainly about dealing with the myriad shocks that pepper the economy.   The market can…
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First, Show Us the Evidence

Policymaking is too often based on what someone thinks is a good idea.   Listener:  5 December, 2013   Keywords: Governance; Growth & Innovation;   The Prime Minister’s chief science adviser, Sir Peter Gluckman, has called for the greater use of evidence-based policy formation. It arises out of his medical background, where there has been…
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Cleaning up Corruption

CLEANING UP CORRUPTION Becoming a democratic country is not as simple as just holding free elections.   Listener: 5 September, 2013.   Keywords: Growth & Innovation; Political Economy & History;   Indonesians think of their country as a democracy following the introduction of relatively fair and free elections after the collapse of the Suharto dictatorship…
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Culture of Dependency

We must remember the lesson of the 1960s and ensure the diversity of our exports and markets.   Listener: 22 August, 2013.   Keywords: Globalisation & Trade; Growth & Innovation; Political Economy & History;   We learnt from the Great Depression of the 1930s that New Zealand was over-dependent on a few exports – wool,…
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A Framework for an Economic Strategy

A note prepared for discussion in September 2012.   Keywords: Business & Finance;  Distributional Economics; Globalisation & Trade; Growth & Innovation; Macroeconomics & Money;   What is the Purpose of the Economy? * The purpose of the New Zealand economy is to maintain and increase the wellbeing of all  New Zealanders. It is neither the…
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NZ Government’s Influence on Economic Growth

Listener: 26 April, 2012. Keywords: Growth & Innovation;  Macroeconomics & Money; New Zealand has had two great economic booms – during the Liberal era from about 1895, and from about 1935 while the first Labour Government was in power. In each case, per capita GDP doubled in about a decade; each followed a depression (since…
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The Future Of the South Island

Listener: 18 February, 2012. Keywords: Growth & Innovation; Last century when we had ministers of regional development, the policy seemed to be to have greater economic growth in the regions than in the country overall. But these days, a greater emphasis goes on concentrating economic activity in Auckland. This change reflects the realisation that viable…
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Five Great Stagnations

Paper to Treasury Seminar: 26 July, 2011. Keywords: Growth & Innovation; Macroeconomics & Money; Political Economy & History; Introduction I am writing a history of New Zealand from an economic perspective. Thankyou for the opportunity to present some of its material; it may have a contemporary relevance. I want particularly to thank John Whitehead, who…
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