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This week, Trade and Export Minister David Parker was exposed to one of the world’s worst ailments: trade protectionism. After nearly two years of negotiations, the EU leaked its agricultural “offer” to New Zealand to European media. Read more
For the last couple of decades, public debt and banking system liquidity has been ratcheting up around the world after each recession or market correction. But no one appears to have any credible plan for restoring public debt, liquidity or central bank policy rates to normal levels. Read more
Ten weeks later, the coronavirus has revealed the government’s tightrope of managing the deeper changes happening to New Zealand’s economy. Crises always show the cracks. Read more
A government is not a household and reasoning from wrong assumptions can lead to errors. In the last recourse, households cannot print their own currency. Read more
Making the most of our Covid-free status could open the way for New Zealand to host sports events such as the Six Nations rugby tournament. The Government could let in more athletes, film crews, and university students under a well-managed re-opening of our borders. Read more
An Overseas Experience is almost a rite of passage for Kiwis. Unfortunately, Covid-19 is likely to keep borders mostly shut for another year or two. Read more
With Alert Level 1 approaching, there are few signs the Government has shifted its thinking towards capitalising on New Zealand’s coronavirus-free status. On Wednesday, Minister for Economic Development Phil Twyford fielded yet more criticism, this time for refusing to let an overseas fishing vessel undergo repairs at a Nelson shipyard. Read more
Minister for Climate Change James Shaw this week announced substantial strengthening of New Zealand’s Emissions Trading Scheme (ETS). Total emissions will be capped, and carbon prices allowed to increase to help reduce New Zealand’s overall greenhouse gas emissions. Read more
The Covid-19 crisis has quickly evolved from a health issue into an economic threat. The science was largely clear about what should be done to combat a pandemic, although historians will be the judge of those decisions, but there are plenty of competing ideas now about how to protect the economy after a pandemic. Read more
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