After undertaking major economic reforms in the late 1980s and early ’90s, New Zealand was catapulted to high international ranking on measures of economic freedom, but slippage since then is inhibiting growth, according to recent report released by the NZ Business Roundtable.
Losing Sight of the Lodestar of Economic Freedom blames slower economic growth on failure to persist with efforts to increase economic freedom, weak constitutional attitude and social welfare policies that are incompatible with fast growth.
Author Wolfgang Kasper gives Australia better report card for its more complete and consistent reforms.
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