John Key in the NBR*:
There is more chance in this decade than the last one of New Zealand moving up the OECD league table because other countries are moving backwards.
So, it’s OK if we’re getting poorer because other countries are getting poorer even faster. Not so ambitious for New Zealand after all I guess.
I can’t help note that Singapore is one of those countries going backwards fast. Its economy is shrinking 10% this year. That’s the same Singapore that Key and others have been saying we need to emulate.
[*Page 9, March 13, 2009]