Eldrede Kahiya: NZ government has promised to double exports (again)....

NZ government has promised to double exports (again) – but as history shows, this is easier said than done

With the goal of doubling exports over the next ten years, the National Party’s Boosting Growth Through Trade policy is now central to the coalition government.

Barrie Davis: Our Colonial Heritage

There have recently been a number of pundits anguishing about the state and direction of the New Zealand economy; for example, Dr Peter Winsley (here). Furthermore, there have been a number of punters, including myself, who reckon it is only a matter of time before we are a third world country. I doubt it will last the rest of this century, which is a problem for those with children. The better informed have offered specific actions which they believe are necessary to rescue New Zealand from decline, for example Shane Jones (here).

Michael Ryan: Does fighting inflation always lead to recession?

Does fighting inflation always lead to recession? What 60 years of NZ data can tell us

There is an ongoing global debate over whether the high inflation seen in the aftermath of the COVID-19 pandemic can be lowered without a recession.

Brian Easton: Chinese Property Market And New Zealand’s Future

Evergrande and Country Garden – two giant Chinese property development companies – are a portent of the turbulence before us.

The recent financial failures of two ginormous Chinese property companies, Evergrande and Country Garden, at various times ranked the second largest and sixth largest in China have implications for the New Zealand economy.

Alistair Boyce: An open letter to CEOs and Industry Leaders

The private sector is facing the biggest assault from central and local government in living history. It is now a constant that business, on the back of footing the bill directed by the government response to COVID is now to be the instrument of State to front the fight on equality and climate change.

The free market led mixed economy that has provided decades of economic expansion and derivative wealth is fast becoming a command economy. This is the antithesis of your role as business leaders fronting competitive organisations driving profit, productivity and economic growth.

A new era of equal outcomes is dominating the territory previously held by promotion of ability. The State is no longer satisfied by a primary role of providing an even playing field and equality of opportunity.

Bryce Wilkinson: New Zealand’s economy a shadow of its former self

Paul Bloxham, HSBC’s chief economist, once described New Zealand as a “rockstar economy”.

That was back in January 2014.

Today, there is nothing “rockstar” left about the New Zealand economy, unless you have Ozzy Osbourne in mind.

For more than three decades, the Swiss Institute for Management and Development (IMD) has compiled annual rankings of competitiveness for 63 of the world’s most important countries. It makes for sobering reading for New Zealanders.

Mike Hosking: Hermit Kingdom attitude is now haunting us

It's coming home to roost a bit, isn't it?

What we have learned this week, whether it be the construction company now in Britain looking to fill the jobs here that pay over $100,000, the university students that haven't come back despite the door being open, the manufacturers who told us the job queue is non-existent because reputation is an issue, or the apple orchards that have left over $100 million worth of fruit on the trees, there is a theme.

The theme is we stayed closed too long.

The line that the best economic response was our health response is now being shown to be the utterly dishonest nonsense it always was.

Bryce Edwards: Could inflation lead to a voter backlash?

The current cost of living crisis in the New Zealand economy could yet have severe political consequences. Warning signs could be seen in Monday’s French presidential election result – in which the nationalist-populist Marine Le Pen upset the status quo by getting through to the second round and winning an incredible 42 per cent of the vote.

Rather than being a vote for her nationalism or rightwing politics, Le Pen’s stunning result was due to a campaign that targeted France’s cost of living crisis. Le Pen was able to leverage huge anger amongst those disadvantaged by quickly rising inflation and other assaults on ordinary people’s standard of living. Polling shows that Le Pen won the support of workers and those on low incomes, while the incumbent Emmanuel Macron won the votes of managers, professionals and the wealthy.

Could a similar revolt against Jacinda Ardern’s government happen here?