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Media release: TPP APEC talks today – Lagging NZ needs to be more open

Wellington (10 November 2017): “The TPP APEC talks in Vietnam today are reportedly 'down to the wire.' Yet while the TPP commentary focuses on trade, we should also learn about foreign direct investment from APEC host Vietnam,” says The New Zealand Initiative’s Senior Fellow Dr Bryce Wilkinson. “In 1997, Vietnam had the most restrictive FDI regime of all 45 countries measured by the OECD. Its score was almost three times New Zealand’s. Read more

Media release
10 November, 2017

Media release: Government needs to open New Zealand to investment, not close it

Wellington (7 November 2017): As Prime Minister Jacinda Ardern, Foreign Minister Winston Peters and Trade Minister David Parker head for the APEC meeting and the East Asia Summit, The New Zealand Initiative welcomes the Government’s commitment to free trade agreements. But the think tank warns that New Zealand will likely fall further behind as a destination for foreign investment (FDI) if the Government pursues its policy intentions. Read more

Media release
7 November, 2017

Media release: The New Zealand Initiative welcomes Phil Twyford’s approach to Auckland’s growth

Wellington (6 November 2017): Since becoming the Housing and Transport Minister, Mr Twyford has underlined his intention to simplify planning rules, abolish the rural urban boundary, let Auckland grow up and out, and move towards road pricing.Commenting on Phil Twyford’s statements, the Initiative’s Executive Director Dr Oliver Hartwich said: “The appointment of Phil Twyford as Housing and Transport Minister in the Labour-led government is a breath of fresh air. Read more

Media release
6 November, 2017

Media release: Why New Zealand should go Swiss

Wellington (30 October 2017): As the new Labour/NZ First Government pushes for stronger regional development, New Zealand should learn from the country that does regional development best. And that country is Switzerland, argues a new report by think tank The New Zealand Initiative. In May this year, a group of 36 senior business leaders representing about a quarter of New Zealand GDP visited Switzerland. The New Zealand Initiative, which organised this delegation, now outlines the learnings in its report Go Swiss. Read more

Media release
30 October, 2017
Reserve Bank of NZ

Monetary window-dressing

Judging by its coalition agreements, the new Government’s unofficial motto is not to do everything differently but to do a lot of things better.But not every change is for the better. Sometimes, even well-intentioned changes are just window-dressing. The review of the Reserve Bank’s policy targets is the best example.Under its mandate, the Reserve Bank has one primary role: to keep prices stable. This so-called ‘inflation targeting’ was introduced in 1989. Read more

Dr Oliver Hartwich
Insights Newsletter
27 October, 2017

"Increasing minimum wage will cost jobs"

The new government has suggested a $20 minimum wage in 2021, is the same as a $17.50 minimum wage today. Eric Crampton tells Mike Hosking there are already good numbers from MBIE around the effects of minimum wage increases. He says if today's minimum wage was $17.50, it would cost jobs and the country. Read more

Dr Eric Crampton
Mike Hosking Breakfast - Newstalk ZB
25 October, 2017
school books

A Nobel nudge

When mathematician Stanislaw Ulam challenged Paul Samuelson to point to anything in economics that was both universally true and non-obvious, Samuelson pointed to David Ricardo’s principle of comparative advantage: Even the least productive countries still benefit from trade.Richard Thaler’s Nobel Prize is richly deserved for several substantive contributions in behavioural economics. His work in the early 1980s on consumer choice and the economics of self-control laid some of the foundations for the behavioural economics that was to come in the... Read more

Dr Eric Crampton
The National Business Review
13 October, 2017

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