As the world recovers, New Zealand has an opportunity to get ahead of the game
In a decade of record global growth, New Zealand actually became less competitive. This represents a huge missed opportunity for the country. Treating the underlying causes will require sustained, incremental improvements in a wide range of areas.
This Government has embarked on a programme of considered, broad-based reform. This will feature few “big-bang” initiatives. It will consist of driving practical, solid improvements year after year.
That is why this Government is pursuing a medium-term growth agenda based around six key drivers of stronger economic performance: a better regulatory environment for business; skills and education; quality infrastructure; science, innovation and trade; improved public sector performance; and tax. A snapshot of progress across these six drivers is set out in Figure 3 below.
- Figure 3 - Six drivers of stronger economic performance: a snapshot of progress
- Source: The Treasury
