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

 


NZ needs to climb out of third division

John Key MP

National Party Finance Spokesman

6 March 2006

NZ needs to climb out of third division

New Zealand shouldn't settle for small-island mediocrity and should aim to rise out of the third division of the world's economies, says National's Finance spokesman, John Key.

In a speech for delivery to Auckland's West Harbour Rotary Club tonight, Mr Key outlines significant economic problems that have been masked by the headline growth rate.

They include high levels of indebtedness, the widening wage gap between New Zealand and our major trading partners, and the disastrous loss of skilled people overseas.

"We are used to thinking of ourselves as a small country punching above its weight - in the first division of the world's economies, if you like," he says.

"But, if truth be told, we are not in the first division of developed countries. We aren't even in the second division. Within the OECD, our economy is a third-division economy, and our nearest rivals are countries like Spain, Greece, Portugal and the Czech Republic.

He says National is ambitious for New Zealand. "We shouldn't settle for small-island mediocrity. We should have a vision and aspirations for this country.

"National wants to lead the economic debate in New Zealand, so over the course of the next 12 months I've decided to deliver a series of speeches looking at various aspects of the economy.

"The theme that will overlay all these speeches is a concern for New Zealand's continued economic performance."

Topics Mr Key hopes to cover in forthcoming speeches include:

* Lifting productivity levels.
* The investment and trading relationship with Australia.
* Growing exports.
* Encouraging innovation and entrepreneurship.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Wellington: Predator Free Capital Plan

Wellington City Council (WCC), the Greater Wellington Regional Council (GWRC) and NEXT Foundation, today announced a joint collaboration to make Wellington the first Predator Free capital city in the world. More>>

ALSO:

Gordon Campbell: On Judith Collins’ Efforts At Self Correction

Thousands of prisoners currently in prison may be entitled to an earlier release than expected – and compensation – because Corrections has incorrectly calculated their term of imprisonment. Unless of course, the government buries its mistakes by changing the law and retro-actively getting itself off the hook… More>>

ALSO:

More Justice & Corrections

Sector Opposes Bill: Local Government Bill Timeframe Extended

The Minister of Local Government Peseta Sam Lotu-Iiga has asked the Select Committee to extend the report back date for the Local Government Act 2002 Amendment Bill (No 2). More>>

ALSO:

Breed Laws Don’t Work: Vets On New National Dog Control Plan

It is pleasing therefore to see Louise Upston Associate Minister for Local Government calling for a comprehensive solution... However, relying on breed specific laws to manage dog aggression will not work. More>>

ALSO:

Not Waiting On Select Committee: Green Party Releases Medically-Assisted Dying Policy

“Adults with a terminal illness should have the right to choose a medically assisted death,” Green Party health spokesperson Kevin Hague said. “The Green Party does not support extending assisted dying to people who aren't terminally ill because we can’t be confident that this won't further marginalise the lives of people with disabilities." More>>

ALSO:

General Election Review: Changes To Electoral Act Introduced

More effective systems in polling places and earlier counting of advanced votes are on their way through proposed changes to our electoral laws, Justice Minister Amy Adams says. More>>

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news