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White sand beaches. Palm trees waving in a gentle breeze. Read more
Dr Oliver Hartwich talks to Rodney Hide on Reality Check Radio about the highly decentralised Swiss system of local government, where cantons and councils are incentivised to encourage development because they directly receive tax revenues. He contrasts this with the centralisation that has occurred in New Zealand and other Westminster-style countries, leading to issues like housing unaffordability, and suggests New Zealand could adopt Swiss-style reforms to change incentives and improve outcomes. Read more
Chinese Ambassador Wang Xiaolong’s speech at the China Business Summit 2024 in Auckland on Monday was, at first glance, a typical diplomatic address. He extolled the strength of China’s economy, the benefits of bilateral trade, and the importance of the New Zealand-China relationship. Read more
Pierre Elliot Trudeau, Canadian Prime Minister for most of 1968 through 1984, and father of the current Canadian Prime Minister, had a wonderful quip about being neighbours with the United States. In a 1969 state visit with President Nixon in Washington, Trudeau said, “Living next to you is in some ways like sleeping with an elephant. Read more
New Zealand has an infrastructure deficit of at least $100 billion, a huge amount for a small country and a significant drag on productivity and economic growth. Not all of this can be financed from within New Zealand, meaning a need for overseas investment. Read more
Even today’s sharpest critics of economics should give economists credit for two substantial wins for liberalism over the past couple of centuries. In 1849, Thomas Carlyle called economics ‘the Dismal Science.” The name stuck, but most people using the term have forgotten why Carlyle gave us that name. Read more
New Zealand has an infrastructure deficit of at least $100 billion, a significant drag on productivity and economic growth. Not all this deficit can be financed from within New Zealand, meaning we will need overseas investment. Read more
The New Zealand Initiative today released a research note highlighting the potential pitfalls of China's Belt and Road Initiative (BRI) and its implications for New Zealand's foreign policy independence and infrastructure development. In the report, Belt and Road Initiative - Implications for New Zealand, authors Nick Clark and Dr Oliver Hartwich explore the BRI's origins, objectives, and recent developments. Read more
In this podcast episode, Oliver and Nick discuss their recent report on China's Belt and Road Initiative (BRI) and its implications for New Zealand. They caution that while BRI investments could potentially help fund New Zealand's large infrastructure deficit, the country needs to be very careful about engagement to avoid becoming locked into China's geopolitical sphere of influence. Read more
Dr Oliver Hartwich discusses the Initiative's new report that highlighting the hidden risks in China's Belt and Road Initiative, which could impact New Zealand's foreign policy independence and infrastructure development. He argues that New Zealand should not participate in the Belt and Road Initiative as it has access to ordinary capital markets, and getting involved could mean being drawn into China's sphere of influence politically. Read more