| Regulation
& Stock Market |
1. Why we
could do with a little regulation
"The very absence of regulation has enabled a privileged few to
tilt what purports to be a level playing field to their own advantage."
NZ Herald 6-6-99, Ashley Balls, Auckland based consultant to
international law firms. |
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2. 'Cowboy'
tag hung on market
These events,
if they continue to happen, will scare foreign investors out of the New
Zealand market due to the higher risk premium attached to New Zealand
shares because of the Third World corporate governance standards.
NZ Herald, 23-7-99, Rod Oram: Editor Business Herald quoting David
Herro International equities directory at The Oakmark Funds, Chicago |
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3. Share
& share alike
" Proposed and long overdue reform of our takeovers and
insider trading regulations will meet entrenched opposition from powerful
lobby groups."
Listener, 7-8-99, Brian Gaynor, Economist |
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| Privatisation |
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1. Road
to privatisation full of potholes
" ....wealth created through this (privatisation) process has
gone either overseas or to a small number or local business people."
NZ Herald, 24-5-97, Brian Gaynor, Economist |
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2. Economists of wrong track
"An examination of the TranzRail privatisation. Rich pickings at the public trough. Public shareholder frustration is exacerbated by the Treasury-commissioned report which argues that everything is hunky-dory."
NZ Herald, August 14-15, 1999, Brian Gaynor |
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| Manufacturing |
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1.
It's time to earn our prosperity
" We must make before we take, produce before we
consume and earn our way to prosperity and growth."
NZ Herald, 3-6-99, Tim Hazeldine, Professor of Economics, University of
Auckland |
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2.
Exporters see need for Government helping hand
" According to Mr Fenwick of the Export Institute of
New Zealand, between 1984 and 1997 New Zealand's exports grew 78%,
Australia's 160% and Irelands grew 260% against an OECD average of
137%. Are we right and the rest of the world wrong?"
NZ Herald, 5-6-98, Yoke Har Lee, reporter |
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| Free Trade |
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1.
Free-trade ideology takes NZ down sinister path
"When the Prime Minister suggests that human rights
law might be changed because it stands in the way of economic growth, it
is time for eyebrows to be raised."
NZ Herald. Adrian Feasey, Peace Foundation |
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2. 'Free Trade' and
risks of class warfare
" ...we are talking here of a fundamentalist state
religion where commitment and virtue are measured by an unquestioning
'faith' in 'market forces' and dissent is demonished..."
NZ Herald 24-10-97, Scott Burchill, lecturer at Deakin University,
Melbourne |
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3.
Ministers may be sleepless till Seattle
"New Zealand's unilateral approach to opening its
markets has more admirers than mimics."
NZ Herald, Brian Fallow, Business Herald columnist |
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| 15 Years
In Review |
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1.
15 Years on and economic goals remain out of reach
"Dr Paul Dalziel takes a look at the economy since the
1984 'economic summit' and concludes that, compared with Australia's, our
economic growth has been less than adequate."
NZ Herald, 14-7-99, Dr Paul Dalziel, Senior Lecturer In Economics,
University of Canerbury |
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2.
'Reforms' just abstractions dressed in soiled phrases
"If there were an international market for economic
platitudes,
New Zealand would have cornered at least that."
NZ Herald, 15-5-99, Gordon McLauchlan, author and commentator |
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3. Only risk will
bring rewards
"Over the last 15 years, New Zealand is the only country where residential housing has out performed the sharemarket in the last 15 years."
NZ Herald, 17-7-99, Brian Gaynor, Economist |
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4. Fresh life needs to be breathed into reforms
"Here are three examples of New Zealand business: the good, the bad and the ugly."
NZ Herald, 11-8-98, Rod Oram, Editor, Business Herald. |
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5. Wake-up call for a country left behind
"New Zealand has been the great social experiment, and technology beta test site for the world, for too long. We deregulated key infrastructure first and everyone else is still learning from our mistakes."
NZ Herald, Keith Newman, Business Herald columnist |
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6. Rethinking economic policy - the Washington Consensus turns to custard.
"World Bank Chief Economist Joe Stiglitz is scathing about the "shock therapy" approach to the reforms. He argues for continuous change trying to preserve social capital that cannot easily be
reconstructed."
Listener, 3-7-99, Dr Brian Easton, Economist |
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7. The Green Tiger
"The Irish just about reverse all the rules we are told are necessary for New Zealand to improve its economic performance. Our economic performance has been dismal compared to theirs."
Listener, 19-6-99, Dr Brian Easton, Economist
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8.
Intelligent Intervention
"....it is false that New Zealand has a thriving wine industry due
to past government intervention"
NZ Herald, Jasper Wright
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