http://www.headitorial.co.nz/2009/09/what-can-we-do.html
The two strategies are:
- Restrict population growth and live within our existing means.
- Transform the high end of the economy, with likely significant impacts (ie change) on the rest.
Strategy 1 is achievable. I suspect strategy 2 isn't. I haven't expanded either strategy yet, or even properly explored strategy 2, therefore it is worth considering what might need to be done in either case. This will, likely, occur over a few posts but for now it is worth giving a high level idea of what each strategy is.
Strategy 1 is the "I've actually got plenty of economic wealth if I just don't keep spreading it across a bigger base" strategy. This strategy is achievable because New Zealand's population growth doesn't seem to be manifestly lifting productivity, it seems to mainly be growing consumption and debt. Traditionalists will claim that you need to grow the population to grow your economy but this doesn't wash. If your economic growth is mainly consumption and not production then you must, necessarily, increase debt. Overall, or more particularly over time, this is not a winning strategy. There are significant economic costs created by this approach too. If you want unattainable house prices for young people then the "bring in lots of people with money from overseas and restrict access to land" tactic is perfect. And, as the population growth isn't translating to productivity then property investment rules. After all supply is restricted and demand keeps increasing.
For the avoidance of doubt I am not suggesting that New Zealand's immigrants have been low rent. It is possible that overall skills might go down by restricting immigration. The point is though, whatever the skill base of recent immigrants, productivity is not increasing and consumption is. Without immigration New Zealand's population would drop. Therefore, for our population to be actually growing (and quite quickly) we must be importing quite a few more people than we need. Obviously then, accepting less immigrants will allow for zero population growth.
Strategy 1 won't get us to the top of the OECD in per capita terms, it's too late for that now. But, the reduction in consumption and the reduction of price bubbles (most obviously property) will reduce the balance of payments and make more money sustainably available within New Zealand. Property won't be the 'golden goose' and so other (productivity) investments will be more attractive. We may even find, as New Zealand has quite sustainable natural wealth, that reducing population does get us to the top of the OECD over time.
By comparison Strategy 2 is much harder and much riskier. It is the strategy that most people suggest is the right one for New Zealand without anyone ever doing what is necessary to achieve it. Often it is claimed that money is the only barrier to success but this isn't true. New Zealand isn't designed culturally or socially to be a high technology economy. We are, frankly, too socialist and 'tall poppy lopping'. Now, this doesn't mean that things have to be massively unequal. Most people tend to think that meritocracies have to be like the US model, but the US model is actually the exception. Most large high-technology economies are quite equal, in fact they tend to be more equal than poorer economies. You don't have to have the inequality of the United States to be able to establish effective meritocracies, because it isn't just about salary. It's about lifestyle and its about culture.
New Zealand often falls into a conceit of claiming superlative lifestyle. New Zealand has good lifestyle for most people but it is not superlative. We have an elite lifestyle that suits some people; people who love the outdoors, outdoor sports and outdoor living. This appeals to some extent to most people but it isn't enough. The bleeding and leading edge of productivity (the part of the curve you have to be on to become genuinely rich) is created when you have great diversity (and critical mass) of creative and technological talent. This kind of talent wants it all - reputation, purchasing power, lifestyle, technological infrastructure, cultural pursuits, pomp, ceremony and pride.
Well New Zealand's reputation is sort of hobbit-like, our purchasing power has been eroding for a while now, lifestyle is good but limited, infrastructure is consistent with a country that is getting steadily poorer against world standards, culture is good in parts but some parts (such as Auckland architecture) are not great. And, when it comes to pomp, ceremony and pride we are poor (try being in Sydney or Melbourne on Australia day sometime - it's quite illuminating).
Strategy 2 is an organisational transformation on a state wide scale. You couldn't ask for a bigger challenge; and most people, I think, don't want to change.
hollister, nike trainers, air max, yoga pants, hollister, louboutin, rolex watches, mac cosmetics, abercrombie and fitch, north face jackets, wedding dresses, abercrombie and fitch, nike huarache, oakley pas cher, beats by dre, ralph lauren, timberland, mont blanc, mulberry, louis vuitton, new balance shoes, converse shoes, nike air max, supra shoes, lancel, louis vuitton, montre pas cher, ferragamo shoes, karen millen, instyler ionic styler, roshe run, nfl jerseys, juicy couture outlet, louis vuitton, ralph lauren, giuseppe zanotti, vans, north face outlet, reebok outlet, birkin bag, lululemon, ray ban pas cher, nike free, burberry, longchamp, hermes, hogan, nike roshe, juicy couture outlet, michael kors
ReplyDeleteugg boots, soccer jerseys, louboutin, oakley vault, canada goose, marc jacobs, gucci, ugg boots, babyliss pro, insanity, oakley sunglasses outlet, mcm handbags, celine handbags, chi flat iron, ghd, ralph lauren, tn pas cher, oakley outlet, canada goose, oakley sunglasses cheap, cheap sunglasses, valentino shoes, canada goose outlet, oakley vault, oakley, canada goose, oakley outlet, ugg, soccer shoes, bottega veneta, oakley sunglasses cheap, oakley sunglasses outlet, uggs on sale, p90x, canada goose, moncler, asics, cheap oakley sunglasses, ugg boots, cheap oakley sunglasses, herve leger, moncler outlet, jimmy choo, moncler, ray ban, canada goose outlet, cheap oakley sunglasses, cheap sunglasses, moncler
ReplyDeletekate spade outlet, true religion, toms shoes, coach factory, nike shoes, longchamp outlet, prada handbags, oakley sunglasses, chanel handbags, polo ralph lauren outlet, ray ban, michael kors, true religion jeans, michael kors, tiffany and co, louis vuitton outlet online, tory burch outlet, air max, ray ban sunglasses, oakley sunglasses, louboutin, oakley sunglasses, nike air max, jordan shoes, nike air max, coach purses, true religion outlet, gucci outlet, burberry outlet online, michael kors outlet online, kate spade handbags, longchamp handbags, longchamp handbags, louis vuitton handbags, coach outlet store, nike free, air jordan, air max, michael kors handbags clearance, michael kors outlet, cheap michael kors, prada outlet, louboutin, ray ban sunglasses, michael kors outlet online, nike free, coach outlet, polo ralph lauren outlet
ReplyDeletekevin durant shoes 2014
ReplyDeletecoach factory outlet online
christian louboutin
michael kors bags outlet
uggs outlet online store
ray ban outlet stores
discount nike shox
nike basketball shoes
moncler jackets
chi flat iron official website
joe new balance outlet store
tods sale
kate spade clearance
ray ban outlet online
michael kors outlet handbags
ugg boots for girls
new balance shoes outlet
manolo blahnik wedding shoes
moncler jacket
cheap jimmy choo
discount ugg boots
tory burch sale
woolrich jackets outlet
ugg boots clearance sale
kate spade sale
balenciaga handbags
dolce and gabbana
gucci outlet online
air max 90
ralph lauren polo shirts
Deletepolo ralph lauren
christian louboutin sale
jordan 6
michael kors watches
ugg outlet
timberland earthkeepers
hollister clothing
louis vuitton handbags
ray ban eyeglasses
mulberry outlet
michael kors uk
canada goose
cheap jordans
hollister outlet
louis vuitton outlet
jordan concords
jordan 3
louis vuitton
true religion jeans
red christian louboutin
hollister clothing store
canada goose
michael kors uk
cheap timberland boots
ugg boots sale
michael kors
michael kors handbags
ugg outlet
nike shoes
louis vuitton
jordan 11s
michael kors purses
michael kors
jordan 13
louis vuitton handbags
true religion
coach outlet
www.louisvuitton.com
uggs outlet
xiaozhengmm66
LINSHIJUN 3.14
ReplyDeletediscount oakley sunglasses
oakley sunglasses
oakley sunglasses
ray ban sunglasses
soccer jerseys
asics running shoes
coach outlet
kate spade handbags
louis vuitton outlet
christian louboutin outlet
louboutin shoes
michael kors outlet online
hollister clothing
christian louboutin
burberry outlet
lululemon outlet
coach outlet
adidas wings
marc jacobs
hollister shirts
prada handbags
adidas shoes
ray ban sunglasses
tods outlet
tods shoes
kobe 9
coach factory outlet
tiffany jewelry
timberland boots
air jordan shoes
michael kors handbags
rolex watches
fitflops
louis vuitton
hollister uk
coach outlet online
cheap nba jerseys
true religion jeans
burberry handbags
ferragamo shoes
north face jackets
ReplyDeletemiami dolphins jerseys
vans shoes
coach outlet
ugg boots
pittsburgh steelers jersey
real madrid jersey
air max 2014
chanel handbags
mizuno running
cheap football shirts
custom mlb jerseys
ralph lauren uk
futbol baratas
cleveland cavaliers jersey
the north face uk
dallas cowboys jersey
ugg uk
new york knicks jersey
cheap nike shoes
miami heat jersey
new york jets jerseys
the north face jackets
los angeles lakers jerseys
michael kors uk
baltimore ravens jerseys
nike free
tommy hilfiger outlet
cheap wedding dresses
michael kors uk
mbt shoes
new orleans saints jerseys
green bay packers jerseys
nike outlet store
michael kors outlet
the north face clearance
nike huarache
hermes birkin
mulberry uk
cheap soccer jerseys
a chang 0613
2015629dongdong
ReplyDeletegucci handbags
jordan shoes
abercrombie
louis vuitton
toms shoes
coach factorty outlet
toms outlet
burberry scarf
michael kors outlet
coach factory
longchamp handbags
louis vuitton outlet
abercrombie
coach factory outlet
insanity workout
chi flat irons
gucci outlet
oakley sunglasses outlet
michael kors
michael kors outlet online
jordan 6 cigar
louis vuitton
louboutin femme
coach outlet
louis vuitton
jeremy scott adidas
coach factory outlet
replica watches
ray ban sunglass
true religion
hermes
burberry outlet online
ray ban sunglasses
michael kors outlet, http://www.michaelkorsoutlet.org.uk/
ReplyDeletelouis vuitton handbags, http://www.louisvuittonhandbagsoutlet.co.uk/
longchamp handbags, http://www.longchamphandbag.us.com/
prada handbags, http://www.pradahandbagsoutlet.co.uk/
prada outlet, http://www.pradaoutlet.us/
hermes birkin, http://www.hermesbirkin.org/
nike huarache, http://www.nikeairhuarache.org.uk/
polo ralph lauren, http://www.poloralphlauren.us.org/
tiffany jewellery, http://www.tiffanyjewelleryoutlets.co.uk/
gucci handbags, http://www.guccihandbags-outlet.co.uk/
oakley sunglasses, http://www.oakleysunglasseswholesale.in.net/
air max 2014, http://www.airmax2014.net/
nfl jerseys wholesale, http://www.nfljerseys-wholesale.us.com/
chanel outlet, http://www.chaneloutletstore.us.com/
timberland boots, http://www.timberlandboots.name/
stuart weitzman boots, http://www.stuartweitzmanoutlet.us/
vans shoes, http://www.vans-shoes.cc/
oakley sunglasses, http://www.oakleysunglassesdiscount.us.com/
hermes belt, http://www.hermesbelts.us/
cheap jordans, http://www.cheapjordans.us.org/
nike trainers, http://www.niketrainers.me.uk/
coach outlet, http://www.coachoutletus.us/
moncler coats, http://www.moncler.us.com/
chanel handbags, http://www.chanelhandbags-outlet.co.uk/
the north face outlet, http://www.northface-outlet.cc/
ray ban sunglasses, http://www.ray-bansunglassess.in.net/
rolex watches, http://www.rolexwatches.in.net/
0918maoqiuyun
ugg boots
ReplyDeletenike air shoes
ray ban sunglasses
gucci outlet
abercrombie australia
oakley sunglasses
nike free run sko2
nike online
hugo boss uk
af outlet
wisconsincrime alert
michael kors outlet
abercrombie milano
michael kors canada
michael kors
sunglasses on sale
ed hardy
air jordan shoes
jack wolfskin outlet
nike australia
coach outlet canada
ray ban sunglasses
nike air max
nike jordan shoes
ugg australia
australia boots
popular sunglasses
kate spade
christian louboutin
nike shopping
ugg boots
ReplyDeletenike air shoes
ray ban sunglasses
gucci outlet
abercrombie australia
oakley sunglasses
nike free run sko2
nike online
hugo boss uk
af outlet
wisconsincrime alert
michael kors outlet
abercrombie milano
michael kors canada
michael kors
sunglasses on sale
ed hardy
air jordan shoes
jack wolfskin outlet
nike australia
coach outlet canada
ray ban sunglasses
nike air max
nike jordan shoes
ugg australia
australia boots
popular sunglasses
kate spade
christian louboutin
nike shopping
converse shoes
ReplyDeleteswarovski crystal
cheap nfl jersey
true religion canada
coach handbags outlet
michael kors handbags clearance
moncler outlet store
abercrombie and fitch
cleveland cavaliers
ugg boots clearance,ugg australia,uggs on sale,ugg slippers,uggs boots,uggs outlet,ugg boots,ugg,uggs
karen millen uk
michael kors outlet online
abercrombie and fitch
ralph lauren outlet
true religion jeans outlet
michael kors outlet
lululemon pants
vans shoes
beats by dre
philadelphia eagles
mm1118
2016-03-05keyun
ReplyDeleteuggs outlet
coach outlet
mont blanc mountain
michael kors outlet online
abercrombie & fitch
coach outlet
polo ralph lauren
abercrombie and fitch
louis vuitton handbags
canada goose outlet online
abercrombie and fitch
lebron 12
coach factory outlet
ugg outlet online
true religion
toms outlet
tory burch shoes
micheael kors outlet
oakley outlet
tods outlet store
coach outlet
louis vuitton outlet
oakley vault
coach factory outlet online
tods outlet online
nike trainers sale
kate spade handbags
kate spade purses
abercrombie and fitch
longchamp handbags
tory burch outlet
toms shoes
burberry outlet online
ray bans
sunglasses oakley
louis vuitton handbags
louis vuitton purses
swarovski crystal
cheap toms
chenlina20160315
ReplyDeletelouis vuitton purses
michael kors outlet clearance
cheap toms
ray ban sunglasses
p90x
adidas superstar
louis vuitton outlet stores
oakley outlet
retro jordans 13
vans sneakers
louis vuitton bags
prada outlet
nfl jerseys
nike huarache
louis vuitton handbags
canada goose outlet
gucci outlet
abercrombie & fitch
abercrombie and fitch
instyler max
toms wedges
jordan concords
michael kors bags
adidas uk
christian louboutin shoes
ralph lauren outlet
coach factorty outlet
coach outlet store online
michael kors handbags
ugg outlet
prada handbags
oakley outlet
replica rolex watches
coach outlet
air jordan homme
canada goose jackets
coach outlet online
celine bags
kobe 11
ray bans
as
tiffany jewelry
ReplyDeletetiffany jewellery
adidas nmd runner
cheap rolex watches
michael kors factory outlet
michael kors outlet
http://www.outlettiffanyand.co
michael jordan shoes
jordans for cheap
tiffany and co jewellery
nmd adidas store
ralph lauren uk
fitflops sale
basketball shoes
michael jordan shoes
ralph lauren uk
ReplyDeletekate spade uk
longchamp outlet
cartier sunglasses
coach outlet
cheap soccer jerseys
michael kors factory store
longchamp pas cher
fitflops sale clearance
nike store uk
hollister clothing store
nike air force 1
michael kors handbags outlet
ray ban sunglasses
prada outlet
true religion jeans
thomas sabo uk
jordan shoes
versace sunglasses
ralph lauren outlet
michael kors outlet uk
cheap ray ban sunglasses
mont blanc outlet
mlb jerseys
celine outlet
coach outlet
michael kors outlet sale
coach handbags outlet
ferragamo outlet
jordan pas cher
mcm backpack
louis vuitton pas cher
timberland boots
tiffany jewelry
louis vuitton handbags
20160617caihuali
new balance shoes
ReplyDeletecoach outlet store online clearance
coach outlet online
yeezy boost 750
michael kors outlet online
fitflops shoes
louboutin outlet
cheap nfl jerseys
christian louboutin uk
kate spade bags
nike huarache black
vans store
coach factory outlet
louis vuitton borse
jimmy choo outlet store
puma outlet
polo ralph lauren
cheap jordans
jordans
asics running shoes
coach factory outlet online
the north face outlet
ray ban sunglass,ray ban sunglasses,ray ban outlet,cheap ray bans,cheap ray ban sunglasses,cheap ray bans,ray bans
coach factory outlet
cheap oakley sunglasses
rolex watches
ferragamo
cheap ray bans
michael kors outlet stores
nike tn pas cher
under armour outlet store
coach factory outlet online
jordan pas cher
under armour
coach factory outlet
buy red bottoms
reebok outlet store
chenzhen2016627
longchamp le pliage
ReplyDeletenike huarache trainers
michael kors outlet store
cheap nba jerseys
nike tn
seattle seahawks jerseys
ralph lauren outlet
cheap michael kors handbags
michael kors handbags
michael kors outlet
ReplyDeletethank you for your useful information we hope from you to visit our new website
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://medicine.ju.edu.jo/Home.aspx
Faculty of Medicine
[url]http://medicine.ju.edu.jo/Home.aspx[/url]
http://arts.ju.edu.jo/Home.aspx
Faculty of arts
[url]http://arts.ju.edu.jo/Home.aspx[/url]
http://law.ju.edu.jo/Home.aspx
Faculty of law
[url]http://law.ju.edu.jo/Home.aspx[/url]
http://business.ju.edu.jo/Home.aspx
Faculty of business
[url]http://business.ju.edu.jo/Home.aspx[/url]
http://centers.ju.edu.jo/en/ctc/Home.aspx
Cell Therapy Center
[url]http://centers.ju.edu.jo/en/ctc/Home.aspx[/url]
http://sites.ju.edu.jo/en/pqmc/Home.aspx
Accreditation and Quality Assurance Center
[url]http://sites.ju.edu.jo/en/pqmc/Home.aspx[/url]
http://science.ju.edu.jo/Home.aspx
Faculty of science
[url]http://science.ju.edu.jo/Home.aspx[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
http://www.ju.edu.jo/home.aspx
Jordan University
[url]http://www.ju.edu.jo[/url]
ralph lauren
ReplyDeletenike outlet store
nike roshe shoes
discount oakley sunglasses
coach outlet store
hermes outlet online
michael kors
michael kors outlet online
coach factory outlet
kd shoes
20170407yuanyuan
adidas nmd runner
ReplyDeletechristian louboutin outlet
cincinnati bengals jerseys
nike air huarache
michael kors outlet
ugg boots
michael kors handbags
los angeles lakers
ugg outlet
seattle seahawks jerseys
20170415alice0589
2017109 leilei3915
ReplyDeleteray ban sunglasses
adidas shoes for women
michael kors outlet
nike outlet
canada goose parka
canada goose jackets
pandora jewelry outlet
polo ralph lauren
ralph lauren
oakley sunglasses wholesale
michael kors outlet clearance
ReplyDeleteugg boots outlet
ugg outlet online
burberry sale
ugg boots
ugg shoes
moncler
coach factory outlet
ugg ustralia
canada goose outlet
ralph lauren sale clearance
ReplyDeleteoakley sunglasses
air jordans
canada goose jackets
moncler outlet
cheap nfl jerseys
puma shoes
ralph lauren sale
jordan shoes
coach outlet
mt0412
air yeezy
ReplyDeleteyeezy
prada sunglasses
converse shoes
adidas nmd
moncler jacket
converse outlet store
longchamp bags
russell westbrook shoes
giuseppe zanotti shoes
ReplyDeletecanada goose jackets
true religion outlet
ferragamo outlet store
pandora jewelry outlet
asics outlet
coach outlet
adidas outlet store
ray bans
pandora outlet
shenyuhang20180425
get the best for android and pc PPSSPP Gold apk for pc By PPSSPPMaster
ReplyDelete20180809 junda
ReplyDeletetrue religion jeans
air jordan 12
rockets jerseys
suns jerseys
ugg outlets
kate spade outlet
gucci outlet
kobe shoes
dc shoes
le coq sportif shoes
bone conduction headphones reviews best work
ReplyDeletewwe ppv download
ReplyDelete20181030 leilei3915
ReplyDeletemichael kors outlet clearance
kate spade handbags
michael kors outlet online
canada goose outlet online
ugg outlet online
longchamp bags
pandora outlet
kate spade purses
kate spade sale
coach outlet
just information we only provide information for those who need it
ReplyDeleteA. obat telat datang bulan
B. posisi berhubungan agar cepat hamil
C. makanan dan minuman agar cepat hamil
D. panduan agar cepat hamil
E. cara agar cepat hamil
F. cara agar cepat hamil setelah selesai haid
G. cara alami untuk segera mendapat kehamilan
lebron shoes
ReplyDeleteysl handbags
kd shoes
red bottom shoes for women
nike lebron 15
timberland outlet
gucci belt
nike cortez
coach outlet online
kobe 11
jordan 6
ReplyDeletekobe shoes
supreme
moncler coat
balenciaga
balenciaga shoes
yeezys
kyrie shoes
balenciaga triple s
off white hoodie
kyrie 7 shoes
ReplyDeletemoncler
curry 8 shoes
supreme outlet
jordan 12
jordan shoes
curry 6 shoes
moncler
off white outlet
cheap jordans