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Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger
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Economy on the Edge: Swan Dive or Belly Flop? A draft strategy for coming out of the crisis stronger

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Visit the NZX Blog for more information - http://blog.nzx.com

Visit the NZX Blog for more information - http://blog.nzx.com

Published in: Business, Travel
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  • 1. <ul><li>Swan Dive or Belly Flop? </li></ul>Mark Weldon - CEO, NZX
  • 2. ICELAND <ul><li>“ What a difference a year makes. Only last November, Iceland’s status as one of the most successful economies in the West was underlined when it was judged the best place to live in the world.” </li></ul><ul><li>&quot;Little could have prepared Iceland for the reversal of fortune it has suffered in the past few months. The country's long economic boom has ended in a painful bust, with a collapsing currency, roaring inflation, double-digit interest rates, and predictions of its first recession since 1992.&quot; </li></ul>
  • 3. GDP AT RISK
  • 4. Repulsion from New Zealand Attraction to New Zealand Neutral Factors BRAIN DRAIN TO TALENT FLOW
  • 5. GDP = G + C + I (X - M) Government Consumption Investment Exports Imports Infrastructure ETS RMA Government Spending Universal Student Allowance Law & Order KiwiSaver Working for Families Regulation Size of Bureaucracy Deposit Insurance Personal Tax Redundancy Benefit R&D Tax Credit
  • 6. 1. DEFINING AN ECONOMIC STRATEGY <ul><li>URGENT ACTIONS </li></ul>
  • 7. 2. DEFINING AN ECONOMIC STRATEGY <ul><li>TALENT </li></ul><ul><li>GOVERNMENT BALANCE SHEET </li></ul><ul><li>ENERGY & ENVIRONMENT </li></ul><ul><li>GLOBAL </li></ul><ul><li>INFRASTRUCTURE & INNOVATION </li></ul>
  • 8. 3. DEFINING AN ECONOMIC STRATEGY <ul><li>COHESION & NEW TONE </li></ul>
  • 9.  
  • 10. EXPERIENCE & DIVERSITY MATTER OBAMA TRANSITION TEAM David Bonior (Member House of Representatives 1977-2003) Warren Buffett (Chairman and CEO, Berkshire Hathaway ) Roel Campos (former SEC Commissioner ) William Daley (Chairman of the Midwest, JP Morgan Chase ; Former Secretary, U.S. Dept of Commerce, 1997-2000 ) William Donaldson (Former Chairman of the SEC 2003-2005) Roger Ferguson (President and CEO, TIAA-CREF and former Vice Chairman of the Board of Governors of the Federal Reserve) Jennifer Granholm ( Governor, State of Michigan ) Anne Mulcahy (Chairman and CEO, Xerox ) Richard Parsons (Chairman of the Board, Time Warner) Penny Pritzker (CEO, Classic Residence by Hyatt ) Robert Reich (University of California, Berkeley; Former Secretary, U.S. Dept of Labor, 1993-1997) Robert Rubin (Chairman and Director of the Executive Committee, Citigroup; Former Secretary, U.S. Dept of Treasury, 1995-1999 )Eric Schmidt (Chairman and CEO, Google) Lawrence Summers ( Harvard University ; Managing Director, D.E. Shaw; Former Secretary, U.S. Dept of Treasury, 1999-2001) Laura Tyson ( Haas School of Business, University of California, Berkeley ; Former Chairman, National Economic Council, 1995-1996; Former Chairman, President's Council of Economic Advisors, 1993-1995) Antonio Villaraigosa ( Mayor, City of Los Angeles ) Paul Volcker (Former Chairman, U.S. Federal Reserve 1979-1987 )
  • 11. REPRESENTED VOICES
  • 12. <ul><li>Firm and farms will.... -Stay and grow from New Zealand -Relocate from offshore to New Zealand -Attract and retain highly skilled people -Provide a range of ongoing employment opportunities </li></ul><ul><li>Government will.... -Make truly informed economic decisions -Retain a quality tax take -Improve the quality of its spending </li></ul><ul><li>New Zealanders will.... -Be worth more to themselves and their families -Choose to stay in New Zealand </li></ul>AND IF WE GET THIS RIGHT
  • 13. SWANDIVE...
  • 14. OR BELLY FLOP?

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