‘Introspective’ NZ has shades of Muldoon, MFAT adviser says

Article – BusinessDesk May 21 (BusinessDesk) – New Zealand’s fixation on domestic productivity is too “introspective” and has left the nation’s policy debate stuck in the past of Robert Muldoon when the nation tried unsuccessfully to go it alone in an increasingly global economy. ‘Introspective’ NZ policy debate has shades of Muldoon, MFAT adviser says By Paul McBeth May 21 (BusinessDesk) – New Zealand’s fixation on domestic productivity is too “introspective” and has left the nation’s policy debate stuck in the past of Robert Muldoon when the nation tried unsuccessfully to go it alone in an increasingly global economy. Ministry of Foreign Affairs strategy adviser and former New Zealand Institute boss David Skilling says the country’s economic policy is largely focused domestically, viewing the rest of the world in simple terms of market access, and “has not moved on from the approach of Muldoon.” That domestic focus is “characteristic of much of the New Zealand debate” and not limited to the public sector. “The latest economic policy thinking from Wellington seems to be based on a view that the priority is to improve domestic productivity, which will boost New Zealand’s competitive position, which in turn will generate better outcomes,” Skilling said. “The focus on domestic productivity means that we are not having the conversations we need to have about our position in the global economy.” New Zealand’s deteriorating productivity...

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