Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Growing urban–rural divide demands urgency

Growing urban–rural divide demands urgency

The author of a book that has sparked a national debate about the urban–rural divide says the growing gap between New Zealand’s regions is set to accelerate – unless we take urgent action.

High profile economist Shamubeel Eaqub is speaking about regional economic growth at the Local Government New Zealand conference in Nelson today.

His new book, Growing Apart: Regional Prosperity in New Zealand, describes how many local economies are faced with grave decline while only a few are advancing.

The book is part of a series of short books published by Bridget Williams Books.

In Growing Apart, Eaqub urges leaders across central and local government to agree on goals, barriers and policies, working alongside communities, businesses and iwi.

‘We need committed politicians and officials across central and local government.’

‘If we rank our regions internationally, Auckland, Wellington and Canterbury are comparable to France, Finland and Saudi Arabia respectively. But the smaller regions look like Timor-Leste (Northland), Greece (Manawatu-Whanganui and Gisborne) or other emerging economies such as Cyprus and the Seychelles.’

Eaqub warns that stifling growth in high-performing regions like Auckland is not the answer.

‘If we stifle growth in Auckland, it won’t turn up in Northland – it will turn up in Sydney or Singapore. For stagnating economies we need to build on their capabilities and provide help where there is a credible chance that the cost of investments will be more than repaid by future benefits.’

About the author
Shamubeel Eaqub (CFA) is a Principal Economist at the New Zealand Institute of Economic Research. His focus is in analytical frameworks to aid economic forecasting, commentary and incisive research into topical areas of economics.

About BWB Texts
BWB Texts are short books on big subjects. Published as snappy Penguin-style paperbacks and DRM-free e-books, this new series unlocks exciting opportunities for New Zealand non-fiction. Many more BWB Texts are scheduled for release through 2014 and beyond.

For more information about BWB Texts please visit our website.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news