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Manufacturers and exporters have been complaining about the high Kiwi dollar for a long time. Opposition politicians are openly toying with the idea of changing the Reserve Bank’s mandate to manipulate the exchange rate downwards. Read more
Last night, former Australian Prime Minister Hon John Howard OM AC spoke to guests of the Initiative on 'Trans-Tasman Relations in the Pacific Century'. Today we have an excerpt from our chairman's welcome speech, and next week we will publish an excerpt from Mr Howard's speech. Read more
If you filled in your census forms last week, you would have had to answer question number 13: "In which language(s) could you have a conversation about a lot of everyday things?" The wording of the question is clumsy. I wonder how our statisticians define ‘a lot of’, what they mean by ‘everyday’, and whether ‘things’ could have been more specific. Read more
Driving around Houston, Texas, several things strike you immediately: the number of pickup trucks, the proliferation of ‘Nobama’ bumper stickers, and the widest freeways. Houston is in many ways a typical post-War city. Read more
Germany is Europe’s model economy. It is a prosperous, well-governed, and efficient country. Read more
As we hear the litany of doom and gloom about manufacturing in New Zealand, it would be easy to assume that manufacturing is in crisis; that everyone is shutting down, packing up and leaving; and that no new jobs are being created or industries expanded. However, this week there was a positive story in this space – the Chinese-owned Yashili Dairy Company has announced two substantial investments in New Zealand, pending approval from the Overseas Investment Office (OIO). Read more
As the opposition’s parliamentary inquiry into manufacturing gathers pace, it is worth taking another look at manufacturing and the chief culprit blamed for its troubles: the high dollar and the monetary regime. First, the recent decline of manufacturing has been grossly overstated. Read more
Negotiations on an extension of the Trans-Pacific Partnership (TPP), a free-trade agreement meant to liberalise economic relations across the Pacific, are to go into their fifteenth round next week. Proponents of the TPP hope it will improve conditions for foreign direct investment (FDI). Read more
Exports are the thing! At least that is the refrain of many economists, commentators, and observers: we need to export more, we should help exporters, and so on. Read more
World share markets rose markedly on Monday this week: the US S&P 500 (by 2%), London FTSE (by 2.4%), Paris CAC (by 2.9%), Tokyo Nikkei (by 1.4%), and the Hong Kong Hang Seng (by 0.5%). Europe saw the biggest daily gain in 10 weeks, but from the lowest levels for months. Read more
