Figure 1: GDP per capita relative to the OECD, 1970 - 2008
Figure 1.2: Net emigration to Australia and the income gap
An the NZ Herald reports;
New Zealand will lose another 400,000 people to Australia over the next 15 years, based on current projections of the income gap between the two countries, the 2025 taskforce says.
Dr Brash says that we can catch Australia, but.....
The 'but' is government.
Finance Minister Bill English said the Government would consider some of the taskforce's ideas, but disagreed with the report's authors on the ideal speed of the reform.
"History shows that reforms done at breakneck speed tend to be fairly counterproductive," he said.
"If you don't take the time to convince people of the benefits of change there's a good chance the next government will simply reverse them."
But while governments continue to procrastinate, those who would support reforms are buggering off. I just can't see an economically bright future for the country.
National has to put up reforms as policy next year and get a mandate to make them. If they won't there is no point to the party as a government.
Hell. I have never voted National in my life but if they put up some decent policy based on the report recommendations, I would. Honestly.