PERC member Glenn Banks has written a piece for The Conversation with Regina Scheyvens responding to Prime Minister Christopher Luxon’s state-of-the-nation address – “Luxon goes all out for growth in mining and tourism – we should be careful what he wishes for“. The authors argue:
“We shouldn’t rush to judgement, but at least one prominent financial commentator has concluded the maths behind the goals “just doesn’t add up”.
Luxon specified mining and tourism among a number of sectors where the government was anticipating and facilitating growth. Having researched these sectors across the Pacific and Aotearoa New Zealand for more than 30 years, we would echo a cautionary approach.
There is certainly scope for more activity in both sectors. But there also needs to be a dose of realism about what they can deliver, and recognition of the significant risks associated with focusing solely on growth…”
Head over to The Conversation to read the piece in full.