Dr Peter Winsley: I too have been thinking about the future New Zealand economy

New Zealand was one of the wealthiest countries in the world in the 1950s and 1960s. In 1950, New Zealand ranked third in the OECD for GDP per capita. However, New Zealand’s economic growth slowed after the mid-20th century and by the early 2000s, its GDP per capita was in the bottom half of developed countries.