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Trialling policy reform in regions that are keen to see the benefits could solve rather a few of the country’s policy problems. New Zealand has one of the world’s more centralised forms of government. Only about nine cents of every dollar of government expenditure is spent at the local level. Read more
The Trans-Pacific Partnership Agreement (TPPA) has made all kinds of waves in the media recently, but the least expected has to be the news that Auckland Council spent two and half hours debating the free trade agreement. The result of the meeting was that the council’s Regional Strategy and Policy Committee kicked for touch by requesting that the final text of the agreement be released before a firmer position was taken on the trade deal. Read more
Should the owner of Lochinver Station, the Stevenson Group, have the right to sell it to the Crown at the Shanghai Pengxin bid price of $88 million? In that case, the Crown could (and should) immediately sell the station to the highest bid from a New Zealander. Read more
Wellington (17 September 2015): The New Zealand Initiative today said that Cabinet’s blocking of the Lochinver Farm sale to Shanghai Pengxin shows that the Overseas Investment Act (OIA) is not fit for purpose. The decision goes completely against NZ’s international reputation as a place to do business, but is unfortunately consistent with New Zealand’s poor OECD ranking for openness to foreign investment. Read more
Today's Top 10 is a guest post from Oliver Hartwich, the executive director of the New Zealand Initiative. 1) Brazil’s recession In case you have missed it, the world economy is in crisis mode. Read more
Earlier this month Genesis Energy announced it was mothballing New Zealand’s only large scale coal fired electricity plant. The move, effective as of late 2018, will reduce the country’s total CO2 emissions by about 2.5%, setting the sector on course to produce 90% of the country’s electricity from renewable sources. Read more
You can tell how the mood of the global economy is turning by looking at the books getting published. Over the past few days, review copies of two new books landed on my desk. Read more
Online shoppers beware: getting that cheap paperback from Book Depository could get a lot harder. But, it will depend on just how the government goes about taxing direct-to-consumer imports. Read more
Late last week, Labour Party Trade spokesman David Parker claimed that overseas speculation on residential properties in Auckland were a lost opportunity for provincial regions like Timaru. Parker asserted that unproductive investment in the housing market came at a cost of missed productive investment opportunities for regions that need it most. Read more
I’m not a fan of paternalism but in one area it has its place: education. Students should be able to choose from a range of disciplines to find the one that best suits their inclinations, interests and future career ambitions. Read more