Pages

Wednesday, August 16, 2023

Bryce Wilkinson: Benchmarking New Zealand's economic performance against Ireland's


New Zealanders should not be too proud to learn from others.

In 2017, The New Zealand Initiative led 36 senior business leaders to visit Switzerland for this purpose. Critical points of difference that emerged were its direct and participatory democracy, devolved government, strong vocational training system and flexible labour market. Both its education system and its devolved government were instructive for New Zealand.

In June 2023, The New Zealand Initiative led another business delegation to Ireland for the same purpose. This time, key points of difference that stood out were the importance of foreign direct investment and, again, an education system that provides the skills technology firms need to employ.

As background for the Irish trip, the New Zealand Initiative documented, without commentary, some comparative economic statistics for New Zealand and Ireland.

This research note makes this material more widely available. It augments it with a brief commentary, more charts and some comparisons with Switzerland.


Click to read or download PDF

Dr Bryce Wilkinson is a Senior Fellow at The New Zealand Initiative, Director of Capital Economics, and former Director of the New Zealand Treasury. His articles can be seen HERE where this article was sourced.

1 comment:

CXH said...

It would be nice to see one of these 'oh look at how well Ireland is doing' articles could mention the elephant in the room.

Our nearest neighbour has 25 million to trade with. Ireland has hundreds of millions.

Let alone the distance and time zones included.