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Our economic framework drives added value exporters to hope for primary sector hard times = currency falls = joy, tension and pain.
25/05/2013 9:32 a.m.
@SelwynPellett @traskjd - banks continually "influence" the market to suit their position, all in the guise of independent commentary.
25/05/2013 9:20 a.m.
@SelwynPellett @traskjd foreign exchange transaction tax at 0.25% would raise more than gst or it would stop churn trading dead.
25/05/2013 9:17 a.m.
@traskjd @SelwynPellett - the Swiss know better they don't let the world run their economy.
25/05/2013 8:43 a.m.
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Recent News

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21
MAY 13

Myth of services - a post-industrial fantasy
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In the minds of some exists what I refer to as the post-industrial fantasy: that in advanced economies there exists a natural and inevitable decline in manufacturing and a compensating growth in services. The thinking goes on to suggest, as a result, we should not worry about the decline in manufacturing, it is after all natural and inevitable, and not really that much of a worry as...


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20
MAY 13

Radio Live Interview - Perspectives on the budget
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John Walley speaks to Wallace Chapman on Radio Live about his views on the 2013 Budget.

Interview with John starts at 30:16.

To listen, click here.


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17
MAY 13

Mobile NIMBYs
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Very few people like to be close to bad smells, noise, airports and factories. This “not in my back yard” mindset has its own acronym “NIMBY”. There are the NIMBYs who have an established position, “we were here first” and seek to impose standards on those who come later, and then there are the NIMBYs who bring their standards with them regardless of any pre-existing rights. The people who...


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16
APR 13

Beyond Korean Style: Shaping a new growth formula
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Beginning in the 1960s, South Korea has set economic-development records with a growth formula that focused on heavy-industry and manufactured exports. GDP has tripled in just the past 20 years, and South Korea became the first nation to go from being a recipient of aid from the Organisation for Economic Co-operation and Development to being a member of its donor committee. South Korea is...


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10
APR 13

Manufacturing matters - Winston Peters Speech
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The following is a speech by Winston Peters to the Christchurch Businessman’s Club one week after the President of the NZMEA Brian Willoughby presented to the same group – must have seemed like an echo.

It is nice to see a politician supportive towards manufacturing, and openly talk about...


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27
MAR 13

What is more important: cark parks or exchange rates?
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The following article featured in the March edition of NZ Manufacturer magazine.

It is a worry how much blind defense of the status quo flows from business leaders who claim to represent...


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21
MAR 13

What matters in the economic debate?
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This article was originally published as an opinion piece for the New Zealand Herald, found here.

We have a Government in manufacturing crisis denial and claiming anyone who disagrees is manufacturing a crisis. Business NZ, EMA and associated brands like Export NZ claim the...


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14
MAR 13

The Chicago Plan Revisited
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The Chicago Plan Revisited is an IMF working paper by Jaromir Benes and Michael Kumhof. It proposes fundamental changes to our banking system to avoid many of our current issues and instabilities.

Full paper can be found here.

Also a presentation by co-author Michael Kumhof explains the concepts


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11
MAR 13

Radio New Zealand Insight: Manufacturing Crisis?
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John Walley features on a Radio New Zealand special feature, exploring different views on the claims of manufacturing crisis, with a special focus on the recent closure of Hillside in Dunedin.

The program can be found here.


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21
FEB 13

How would a lower currency change real wages?
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In a recent select committee meeting, Bill English made the comment when discussing calls from manufacturers and exporters to bring down the exchange rate; “What they’re telling you is they want to cut the real wages of their workers, because that is the other side of the equation.”

This comment ignores many of the highly negative effects that the currently high...