The economic response to the pandemic risks being blinkered by old orthodoxies at a time when investment is sorely needed
New Zealand’s response to the Covid-19 pandemic has been rightly praised. Nobel prize-winning economist Joseph Stiglitz said New Zealand was “working … to build the kind of economy that should mark the post-pandemic world”.
The finance minister, Grant Robertson, acknowledged the opportunity to showcase a new approach in a bold speech in May in which he said: “There are few times in life when the clock is reset. Now is the time we should address … long-term issues. It’s not one we should squander.”
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