Buzz from the Beehive – lots of spending, some foreign affairs initiatives and (be nervous, readers) a review of our electoral laws

Just in case the affected voters and constituencies haven’t bothered to check how much funding they are being given in Budget 2022 (or how much they have  lost in some cases), ministers have been letting them know in post-Budget press statements.

At least, they have been letting them know when the sums have been increased. They tend not to draw attention to budgets that have been cut.

Today we learn that – Continue reading “Buzz from the Beehive – lots of spending, some foreign affairs initiatives and (be nervous, readers) a review of our electoral laws”

Why exporters should consider decoupling from China and focus more on opportunities provided by India’s growth

Not many New Zealanders   may  have  noticed what is  happening in China or India – but their   economies  appear  to  be  tracking  in  opposite  directions.  Those movements could have a powerful  impact in  turn   on  NZ’s  economic fortunes.

Point   of  Order  is  indebted   to   two  remarkable   pieces  of  journalism  for   insights  that give  context to these issues.  One  report appeared in  the  Guardian  Weekly,  the  other in  The  Economist.

The  first, by  Larry Elliott,  was headed “Stifled dragon: No-one  should take  delight in Beijing’s  economic  woes”  and argues  a  full-blown   economic crash  would be  as  damaging  to  the  world as  the  US sub-prime mortgage crisis  was.

The  report in  The  Economist focused  on  India’s  economy  which, it  said, is  likely  to be the  world’s fastest-growing big  economy this year.  The  details prompted  The Economist  to  editorialise  that   the  Indian  economy  is  being  rewired.

“The  opportunity  is  immense— and so  are  the  stakes”.

The question  for NZ  exporters, who  have  become  dangerously dependent on  the Chinese  market  is  whether  they should   now  be  exploring prospects   on the Indian  sub-continent.

Larry Elliott  wrote  that  China has  been  central to the  story of  globalisation over the  past  30  years,  but  now  it is  struggling.

More  than two years after  Covid19  cases  were  discovered  in Wuhan,  the  world’s  most  populous country has  yet to get on  top of the  virus. Continue reading “Why exporters should consider decoupling from China and focus more on opportunities provided by India’s growth”