The New Zealand Economy
Overview
Over the past 15 years, the New Zealand economy has generated economic growth rates that compare well to countries such as Australia and the US and that are significantly higher than in the previous decades. However, despite this improved performance, New Zealand's per capita income is about 30% lower than Australia's and New Zealand ranks 22nd out of 30 OECD countries in terms of real per capita income. The major element in terms of improving New Zealand's per capita income is substantially lifting New Zealand's level of labour productivity.
This project examines the priorities for action in addressing both the short term challenges and opportunities facing the New Zealand economy, as well as in positioning the New Zealand economy to a range of emerging trends - such as the economic return of Asia and the much increased international mobility of people, firms, and capital. Our work in this area will focus on strengthening the ability of the New Zealand economy to compete effectively in the global economy. In what areas is New Zealand most likely to be able to success, and what are the policy implications?