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Talk:Economy of New Zealand: Difference between revisions

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m Maintain {{WPBS}} and vital articles: 3 WikiProject templates. Keep majority rating "B" in {{WPBS}}. Remove 3 same ratings as {{WPBS}} in {{WikiProject New Zealand}}, {{WikiProject Economics}}, {{WikiProject Business}}.
 
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{{WikiProject Newbanner Zealandshell|class=B|importance1=top}}
{{WikiProject Economics|class=BNew Zealand|importance=midtop}}
{{WikiProject Business|class=BEconomics|importance=Lowmid}}
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==Re-write?==
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It's widely believed regardless of politics, that NZ was radically reformed to a free market economy it a very very short period of time and there were teething problems with this. There have been several academic articles citing NZ in this regard....<small><span class="autosigned">—Preceding [[Wikipedia:Signatures|unsigned]] comment added by [[User:203.109.254.40|203.109.254.40]] ([[User talk:203.109.254.40|talk]] • [[Special:Contributions/203.109.254.40|contribs]]) 13 February 2004</span></small><!-- Template:Unsigned -->
:Could you cite any?? <font color="darkblue"><font face="Edwardian Script ITC" size="3.75"> [[User:Taifarious1|Taifar]][[User talk:Taifarious1|ious1]] </font> </font> 04:05, 17 March 2009 (UTC)
::A starting point would be the references in [[Rogernomics]].-[[User talk:gadfium|<fontspan facestyle="font-family:cursive"; color=":#808080;">[[User talk:gadfium|gadfium]]</fontspan>]] 07:42, 17 March 2009 (UTC)
 
== GDP ==
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:I might work on it after I finish exams, but if someone else knows more about this, it'd be great if they could step in... [[User:Simulato|Simulato]] ([[User talk:Simulato|talk]]) 08:01, 25 November 2007 (UTC)
::I've asked the editor who recently changed this part of the article to reply to your question, and in the meantime restored the article to its previous state for consistency.-[[User talk:gadfium|<fontspan facestyle="font-family:cursive"; color=":#808080;">[[User talk:gadfium|gadfium]]</fontspan>]] 08:49, 25 November 2007 (UTC)
 
Hmm... I used small because for a deficit, 8-9% is small (as we are already assuming its going to be negative anyways). But compared to other industrial nations e.g. Britain and Japan it is quite bad. And after reading my amendments again, it is wrong to word it like I did so, in the context it was given.
But also, it would be better to compare it with public debt, as this will also be relevant for readers. The public debt is only 21.2% of GDP (CIA 2006 est.). It would be nice if this remark is mentioned next to it. --[[User:Waqas1987|Waqas1987]] ([[User talk:Waqas1987|talk]]) 12:38, 25 November 2007 (UTC)
:added some more context information. [[User:Ingolfson|Ingolfson]] ([[User talk:Ingolfson|talk]]) 10:34, 6 December 2007 (UTC)
 
Gross external debt - the article has two values, NZ$86.342 billion (30.5% of GDP) (Feb 2018), which looks right and matches the source, and
NZ$156.181 billion (53% of GDP) (December 2018), which looks very wrong and I can't confirm this number in the source. [[Special:Contributions/114.134.4.11|114.134.4.11]] ([[User talk:114.134.4.11|talk]]) 03:19, 8 October 2019 (UTC)
 
== "Impressive Growth in the 21st Century" isn't part of "Economic Reforms of the 1980s"==
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==Inequality==
Can anyone tell me the level of income inequality in New Zealand compared to other developed nations, including the [[United States]]? [[User:216.174.165.54|216.174.165.54]] 20:31, 13 November 2007 (UTC)
:Look at [[List of countries by income equality]].-[[User talk:gadfium|<fontspan facestyle="font-family:cursive"; color=":#808080;">[[User talk:gadfium|gadfium]]</fontspan>]] 01:02, 14 November 2007 (UTC)
 
==Poverty==
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== From "New Zealand" article==
 
I trimmed the following referenced sentences from the [[New Zealand]] article. They could slot in here, or be returned there if deemed important enough. [[User:Aircorn|AIR<fontspan colorstyle="color:green;">'''''corn'''''</fontspan>]]&nbsp;[[User talk:Aircorn|(talk)]] 06:17, 22 January 2011 (UTC)
 
*In 2010, New Zealand's economy ranked as the fourth freest in the world according the [[Heritage Foundation]]'s [[Index of Economic Freedom]].<ref>[http://www.heritage.org/index/Country/NewZealand New Zealand], 2010 [[Index of Economic Freedom]], [[Heritage Foundation]].</ref>
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*The country was ranked 1st in education and 5th in overall prosperity in the 2010 [[Legatum Institute]] prosperity index.<ref name=Legatum>{{cite web|url=http://www.prosperity.com/country.aspx?id=NZ|title=The 2009 Legatum Prosperity Index|work=LIGD|accessdate=1 May 2010 |publisher=prosperity.org}}</ref>
 
{{reflist-talk}}
 
== Will take India off of list ==
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*Highest 10%: 29.8% (1991)
 
[[User:Tony1|<fontspan colorstyle="color:darkgreen;">'''Tony'''</font span>]] [[User talk:Tony1|<fontspan colorstyle="color:darkgreen;">(talk) </font span>]] 08:43, 2 August 2013 (UTC)
 
==GDP make-up==
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In the absence of better stats, I've removed the section entirely; someone who can find correct figures is welcome to add it in. <small><span class="autosigned">—&nbsp;Preceding [[Wikipedia:Signatures|unsigned]] comment added by [[User:Behemoth01|Behemoth01]] ([[User talk:Behemoth01|talk]] • [[Special:Contributions/Behemoth01|contribs]]) 09:21, 20 October 2014 (UTC)</span></small><!-- Template:Unsigned --> <!--Autosigned by SineBot-->
* Not far wrong. Updated 2014 sector stats with citation. [[User:Tymentyne|Tymentyne]] ([[User talk:Tymentyne|talk]]) 21:18, 25 October 2014 (UTC)
 
{{reflist-talk}}
 
== Largest trading partners ==
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Cheers.—[[User:InternetArchiveBot|'''<span style="color:darkgrey;font-family:monospace">InternetArchiveBot</span>''']] <span style="color:green;font-family:Rockwell">([[User talk:InternetArchiveBot|Report bug]])</span> 22:24, 16 September 2017 (UTC)
 
==Unemployment==
Under the Unemployment section, it says ″there is he official number of people unemployed in 1959 was only 21. A year later it was 22.″ This is unclear - is it that the total number of unemployed people in New ZEaland rose by one? Or is this a percentage? <!-- Template:Unsigned IP --><small class="autosigned">—&nbsp;Preceding [[Wikipedia:Signatures|unsigned]] comment added by [[Special:Contributions/122.57.203.226|122.57.203.226]] ([[User talk:122.57.203.226#top|talk]]) 04:05, 20 March 2019 (UTC)</small> <!--Autosigned by SineBot-->
:These are supposed to be numbers not percentages, but the reference given for the figures does not contain unemployment numbers for these years, and although New Zealand had very low unemployment in that era, sources I could find in a quick online search suggest they were not as low as our article states. For example, the 1966 Encyclopaedia of New Zealand gives 1,656 unemployed in July 1959[https://teara.govt.nz/en/1966/labour-department-of/page-3], and the 1959 New Zealand Yearbook says "The numbers of applications for unemployment benefits dealt with during the years ended 31 March 1957 and 1958 were 949 and 1,415 respectively", with lower numbers actually granted benefits.[https://www3.stats.govt.nz/New_Zealand_Official_Yearbooks/1959/NZOYB_1959.html?_ga=2.255711880.1410108215.1522003938-1089331741.1517422461&_gac=1.195875422.1522004862.Cj0KCQjwkd3VBRDzARIsAAdGzMDmvGcCWyTnlOAPtnvrFOLsEp_t8HP_zjFInGYgjIBjqTAUk69lKAYaAuFwEALw_wcB#idchapter_1_362873] Clearly there is something seriously amiss in the figures this article is presenting. On the other hand, there is "At one point in the 1950s there was a joke that the Prime Minister knew the name of every unemployed person in New Zealand."[https://www.labour.org.nz/in_the_presence_of_history]-<span style="font-family:cursive; color:grey;">[[User talk:gadfium|gadfium]]</span> 08:12, 20 March 2019 (UTC)
 
== Political bias ==
The phrase: “The results of the experiment never materialized” is inconsistent with the following: “ Between 2000 and 2007, the New Zealand economy expanded by an average of 3.5% a year driven primarily by private consumption and the buoyant housing market. During this period, inflation averaged only 2.6% a year, within the Reserve Bank's target range of 1% to 3%“. Market oriented reforms are never immediate in it’s implementation and outcomes. Russia started to grown after 8 years of it’s limited reforms. The market is a chain, it doesn’t takes one day or two to turn the country more productive, efficient, entrepreneurial, and solid/capitalized. So the assumption that the results promised by the proposers of the reforms never materialized is a biased conclusion based in opinion. The article clearly shows an anti capitalistic stance, some of the sources chosen are biased and I’m not sure the article is entirely covered with credible sources. Cheers from Brazil.
 
== US$ or NZ$ ==
 
Are the infobox figures US$ or NZ$? Please specify on the page. <b style="border:1px solid #0800aa"> [[User:Nixinova|Nixinova]] </b> <b style="border:1px solid #006eff"> [[User talk:Nixinova|T]] </b> <b style="border:1px solid #00a1ff"> [[Special:Contribs/Nixinova|C]] </b>  23:56, 17 October 2021 (UTC)
:Done - they're IMF figures in USD so have added that. --[[User talk:LJ Holden|LJ Holden]] 02:39, 18 October 2021 (UTC)