Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Economic growth more than a matter of size


Economic growth more than a matter of size

Don Brash - National Finance Spokesperson

New Zealand’s size and distance from major markets are insufficient reasons for its economic underperformance and decline in relative living standards, says National’s Finance spokesman Dr Don Brash.

Dr Brash was delivering the 2002 Giblin Lecture at the University of Tasmania.

“While the New Zealand economy has grown well over the last decade, it has not been growing sufficiently quickly to prevent a continued widening of the gap in living standards between New Zealand and those countries we most compare ourselves to, such as Australia and the United States.

“The costs of this relative underperformance are large. For example, we are increasingly finding that we can’t afford the sort of healthcare that Australians take for granted.

“There is a growing realisation that this continued relative economic underperformance has costs, and this has finally led to a sense of urgency about the need to “do something”.

“The current Government’s own efforts to transform the New Zealand economy have been far from convincing. Even the New Zealand Treasury remains unconvinced – their projection for the next decade has GDP growth declining from 3.1 per cent this year to only 2 per cent in ten years time.

“The answer for New Zealand is, in my view, actually quite simple. We need:
* A tax system which encourages growth
* A regulatory environment that supports growth, rather than stifles it
* An education system that ensures our children come out of school with the best possible education of which they are capable
* A welfare system that provides a safety net, but does not lock people into dependency
* A sound approach to solving New Zealand’s infrastructure problems.

“The challenge is immense. Unfortunately, we have just re-elected a Government that has no credible plan to deal with any of these issues. Over the next three years, the challenge can only get greater and more urgent. It is my job to help ensure the National Party is ready to meet that challenge,” said Dr Brash.

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news