Is the “mood for change” real?

“A mood for change” was a popular phrase in the lead up to the election.  Was it wishful thinking or is the mood real?

A week before the election the NZ Herald published:

[…] New Zealand consumer confidence hit a three-year high in September as a softer housing market and election uncertainty failed to dent optimism.

The ANZ-Roy Morgan consumer confidence index rose to 129.9 in September from 126.2 in August, the highest level since July 2014. Of that, the current conditions index rose to 127.3 from 124.9 and the future conditions measure rose to 131.6 from 127.1. […]

If consumers, who map fairly closely to voters, have a high level of confidence in the present and in the future, why would they vote to change the situation?

The recently released World Economic Forum report ranks 137 national economies on a range of measures to calculate a competitiveness index.

screenshot-whaleoil

You will find more statistics at Statista

[…] The World Economic Forum defines national competitiveness as the set of institutions, policies and factors determining productivity levels. Switzerland grabbed top spot in the report with an index score of 5.86 out of 7, recording strong and balanced results across the most important determining factors such as health, primary education and a reliable macroeconomic environment. […]

NZ ranked 13/137 (11th out of the 35 OCED countries) with a score of 5.37 out of 7.  NZ has increased its score every survey since 2012, and every country above NZ in the list has a higher population.  [Norway and Denmark were 11 and 12, Australia 21.]

The report looked at 12 pillars, each with many subcategories.  NZ ranked first in the world for the 8th pillar, “Financial Market Development” and gained 13 other first places in subcategories.

The 12 pillars were grouped into three subindices: Basic requirements, 5/137; Efficiency enhancers, 9/137; Innovation and sophistication factors, 25/137 – our weak point.

As Bill said many times, we have a strong economy and stable government and this appears to be supported by the latest World Economic Forum report so why would we want to change?

Obviously, since we are not No. 1, we could do better. (sounds like my school reports)

screenshot-Whaleoil

NZ is referenced on pages 232/233 of the pdf.  Chart above is from p232

The challenge for the new government is to do something about the problem areas here: Inadequate supply of infrastructure, Inefficient government bureaucracy, Inadequately educated workforce and Restrictive labour regulations.

-NZ Herald


 

This post was written by Intern Staff

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