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23
FEB 15

Exporting in 2015


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The attractive parts of being an exporter, such as greater scale and more opportunities, also come with greater exposure to external risks: exchange rate variations, changing demand from economic cycles in destination markets and even tensions in geopolitics all impact any export business. Managing risk becomes a key skill for exporters.

Such fluctuations can go either way;...


tags: exports, manufacturing, currency, exchange rate, survey, rbnz, uncertainty
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19
FEB 15

State of the Nation and Housing


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The political year was back in full swing last week as National and Labour leaders delivered their state of the nation addresses - both different in their content and stated purpose.

Andrew Little’s speech aimed to set the direction of the party going forward, while staying away from policy detail. The focus was on jobs, claiming “the next Labour government will make sure that...


tags: rbnz, housing, andrew little, key, sme, jobs, manufacturing, labour, national
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19
DEC 14

Make policy for real, not ideal, humans


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The following was published in the financial times - to read the full article, click here.

Out of the crooked timber of humanity, no straight thing was ever made. This famous remark of the German philosopher, Immanuel Kant, is particularly relevant to economists....


tags: bias, confirmation bias, behaviour, daniel kahneman, martin wolf, incentives
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19
DEC 14

The decline of the dollar


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This infographic was originally posted here: www.online-accounting-schools.org/decline-of-the-dollar/


tags: currency, dollar, exchange rate
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5
DEC 14

Currency Viewpoint


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Since 1985 New Zealand has operated with a floating exchange rate, meaning our currency it is traded on the market, responding to changes in economic conditions here and around the world: subject to global events, interest rates, prices and a range of other factors that affect the demand for our currency. It is normal for the exchange rate to be somewhat over or undervalued for periods of...


tags: currency, new zealand dollar, exchange rate, fair value, exports, manufacturing, rbnz, monetary policy
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13
NOV 14

Red ink and corporate welfare go hand in hand - Chalkie


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Grants are a problem: using the tax system is better justified on the capability development spillovers, the fact that it balances what other countries do and the reach goes beyond the favorites and those who can game the system.

The rules applied by the IRD are much less susceptible to the biases that come with grant based handouts.

The following opinion piece by Tim...


tags: chalkie, welfare, corporate welfare, grants, r&d, tax credits, tim hunter
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22
OCT 14

Economic Diversity


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For any economy, diversity in the things you make and who you sell to is important to lower risks and ensure a shock resistant and resilient economy. However New Zealand has generally been going in the opposite direction, relying more on a narrow range of simple products, milk powder, meat and logs, and single large market, China.

In the below graph, you can see that both processed...


tags: diversity, exchange rate, currency, exports, dairy, complexity, manufacturing, trade, china
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21
OCT 14

Rod Oram: Our next revolution - Creating sustainable wealth


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The following was presented to NZMEA members by Rod Oram, at the NZMEA Leaders' Network at BNZ Highbrook in Auckland.

This presentation looks at the current state of our economy, creating value, what we need to do to create sustainable wealth into the future, and the challenges that are faced by...


tags: rod oram, climate change, sustainability, manufacturing, exports, value, wealth, environment, presentation
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19
SEP 14

Finally the 2014 election


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The election is finally upon us. Tomorrow those who have not already cast their vote will go to the polls. While many will have already decided, it is probably worth having a last think and look at the options as you work through the confusing events of the past weeks.

Elections are often as much about feelings as they are about thinking. The flow chart below walks through a process...


tags: election, vote, economy, policy, act, conservative, greens, internet mana, labour, maori party, national
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19
SEP 14

Is our economy heading in the right direction?


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When considering the policies being proposed this election, it is possible to shopping list the details then try to run a policy by policy analysis - then try to integrate the whole, picking the positives and balancing the negatives, driving a final choice. The problem is this approach takes time and many small trade-offs.

An alternative approach is to look at principles, or at...


tags: complexity, exports, election, policy, tradable, economy, skills, manufacturing