What drives economic growth in New Zealand? How has New Zealand been impacted by globalization and the financial crisis? What will shape future productivity and competitiveness? In this book, leading economists assemble key data to provide an analytical introduction to the contemporary New Zealand economy. Interpreting key economic indicators over time—gross domestic product and interest rates, population, employment and productivity levels, trade and investment, and government accounts—this examination focuses particularly on two issues: globalization and the rise of the Asian economies during the past 30 years, and the origins and continuing effects of the 2007&–08 global financial crisis. Rich with local data and case studies, this is a clear and concise assessment of the current structure and performance of New Zealand's economy from a historical and global perspective.

Well-being in New Zealand is generally high, although there is room for improvement in incomes, housing affordability, distribution, water quality and GHG emissions. Economic growth is projected to remain around 21⁄2 per cent. The main risks to the outlook are rising trade restrictions and a housing market correction. Labour market reforms have been initiated to increase wages for the low paid but will need to be implemented cautiously to minimise potential adverse effects. Substantial planned increases in bank capital requirements should reduce the expected costs of financial crises but might reduce economic activity.

The FIRE economy – built on finance, insurance and real estate – is now the world’s principal source of wealth creation. Its rise has transformed our political, economic and social landscapes, supported by a neoliberal regime that celebrates markets, profit and risk. From rising inequality and ballooning household debt to a global financial crisis and fiscal austerity, the neoliberal ‘orthodoxy’ has brought instability and empowered the few. Yet it remains remarkably resilient, even resurgent, in New Zealand and abroad. In 1995 Jane Kelsey set out a groundbreaking account of the neoliberal revolution in The New Zealand Experiment. Now she marshals an exceptional range of evidence to show how this transfer of wealth and power has been systematically embedded over three decades. Today organisations and commentators once at the vanguard of neoliberal reform, including the IMF and Financial Times journalist Martin Wolf, are warning the current model is unsustainable. A post-neoliberal era beckons. In The FIRE Economy Kelsey identifies the risks posed by FIRE and the barriers embedded neoliberalism presents to a progressive, post-neoliberal transformation – and urges us to act. This is a book New Zealand cannot afford to ignore.

New Zealand and the Global Economy looks at New Zealand's international economic relations over the past fifty years. The book analyses the changing nature of New Zealand's trade relations with the rest of the world, and shows how this has been an important engine for growth and development of New Zealand's economy and society. As well as the trade in goods, the book explores the growing importance of trade in services, and the inflows of capital and labour. It looks at relations with countries such as Australia, Japan, the United States and other countries in the Asia Pacific region. International trade relations have changed over time, reflecting a shift in the attitudes of both the Government and New Zealanders to the world and how they see their place in it.

While we New Zealanders live off the cow's back, our long-term economic prognosis looks grim. Our economic growth lags behind Australia and other countries in the OECD. Our universities fall each year in international rankings. We export 24 per cent of our university graduates. The country's lack-lustre economic performance following the free-market reforms of the 1980s is often cast as a paradox: why haven't sound economic policies led to growth? In this book two of New Zealand's leading thinkers tell us to 'get off the grass!' - and explain how we might do so. Shuan Hendy and Paul Callaghan argue that the New Zealand 'paradox' can be explained by our struggle to innovate. On a per-capita basis, OECD countries on average produce four times as many patents as New Zealand. Why is this? What determines a country's capacity for innovation? Shaun Hendy and Paul Callaghan take a quantitative look at how innovation works both in New Zealand and around the world. They show that economic geography plays a key role in determining rates of innovation and productivity. If New Zealand is to grow its economy more rapidly it must overcome geography to build nationwide communities of innovators, entrepreneurs and businesses. It must get off the grass and diversify its economy beyond the primary sector. Hendy and Callaghan pose deep challenges to the country: Can New Zealand learn to innovate like a city of four million people? Can New Zealand become a place where talent wants to live? Can we learn to live off knowledge rather than nature? Are we willing to take science seriously? In a brilliant intellectual adventure that takes us from David Ricardo and Adam Smith to economic geography and the science of complex networks, Shaun Hendy and Paul Callaghan pose the tough questions and provide some powerful answers for New Zealand's future.

Migration and the movement of people is one of the critical issues confronting the world’s nations in the twenty-first-century. This book is about the economic contribution of migration to and from New Zealand, one of the most frequently discussed aspects of the debate. Can immigration, in economic terms, be more than a gap filler for the labour market and help as well with national economic transformation? And what is the evidence on the effect of migration not just on house prices but also on jobs, trade or broader economic performance? Building on Sir Paul Callaghan’s vision of New Zealand as a place ‘where talent wants to live’, this book explores how we can attract skilled, creative and entrepreneurial people born in other countries, and whether our ‘seventeenth region’ – the more than 600,000 New Zealanders living abroad – can be a greater national asset.

First published in 1929, Raymond Firth's original and insightful study offers an incredibly detailed account of the social and economic organisation of the Maori people before their contact with Western civilisation. Bridging the gap between anthropology and economics, the work covers the class structure, land system, industry, methods of co-operative labour, exchange and distribution, and the psychological foundations of Maori society. This reissue will be welcomed by all students of anthropology and anyone interested the history of the Maori people.