Economic Plan For A Productive Sustainable And Inclusive-Books Pdf

Economic Plan for a productive sustainable and inclusive
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FOREWORD New Zealand s economy has faced a number of. long term challenges in recent decades including, low productivity and wages skills shortages shallow. POSITIONING domestic capital markets a lack of diversification and. under investment in infrastructure, NEW ZEALAND We inherited economic settings which meant. New Zealanders were having to work harder just to, maintain their standards of living New Zealand has. FOR THE FUTURE consistently had low labour productivity growth. and recorded negative growth on average between,2013 and 2017. At a broader level worsening water quality in our, rivers and lakes shows that some growth has been at.
B New Zealanders value a strong economy the expense of our environment Growing inequality. that provides decent jobs higher shows the benefits of economic growth have not been. shared equally by all New Zealanders,incomes and opportunities for. current and future generations New Zealand also faces a number of new challenges. The global economy is in a period of disruption from. Equally we understand that the health and wellbeing the impacts of rising trade protectionism and. of our people the protection and enhancement of our unconventional monetary policy In New Zealand we. environment and the strength of our communities are faced with the challenges of climate change aging. allow us to achieve our potential and changing workforces and technological change. The importance of balancing these four components of Fixing and facing up to these long term challenges. wellbeing financial human natural and social capital requires an economic plan that takes into account a. is central to our plan for building a more productive broader definition of what success looks like and. sustainable and inclusive economy acknowledges that our people environment and. ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. communities are intertwined with the economy It New Zealand has a unique opportunity to build on our. means looking ahead over 30 years and not just three strengths and use these to lead the world on standing. up to the economic challenges of the next 30 years. The Government s Economic Plan is set in the context turning issues like climate change and the technological. of our wellbeing agenda and is designed to build a revolution into economic opportunities. more productive sustainable and inclusive economy, to improve the wellbeing and living standards of We can t do this on our own We know it is essential we. all New Zealanders partner with business workers communities and iwi on. addressing the long term challenges our economy faces. The Plan identifies eight key shifts and policy action. related to each shift that will tackle the long term This plan provides an overarching guide for what we. see as the key shifts the economy needs to make to. challenges the New Zealand economy is facing They, transition to more productive sustainable an inclusive. signal our goal to balance outcomes across financial. growth It is an integral part of delivering wellbeing. human natural and social capital and will act as an. for all New Zealanders,overarching guide for government departments 1. designing economic policy, The shifts we re tackling will not take place overnight.
However we are being deliberate about identifying,them to ensure people and businesses can adapt to. new working environments and respond confidently, These shifts and initiatives will deliver on the four. economic priorities in Our Plan to grow and share,Hon Grant Robertson Hon Phil Twyford. New Zealand s prosperity support thriving and,Minister of Finance Minister for Economic. sustainable regions transition to a clean green and. Development, carbon neutral New Zealand and deliver responsible.
governance with a broader measure of success, ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. OUR VISION WELLBEING FOR ALL,NEW ZEALANDERS NOW AND IN THE FUTURE. New Zealand is a proud country located deep in the Wellbeing is when people are able to lead fulfilling lives. South Pacific with an advanced economy We are with purpose balance and meaning to them Ensuring. a progressive and innovative people a nation which more New Zealanders enjoy good wellbeing requires. embraces new challenges and delivers new solutions tackling the long term challenges we face as a country. to the world improving the state of our environment the strength of. our communities and the performance of our economy. New Zealanders care about the wellbeing of our people. and the health of our environment That is why we are Last year this Government released Our Plan for a modern. putting the health and wellbeing of our people and New Zealand we can all be proud of It looks 30 years. 2 environment at the heart of how we manage the ahead not just three focusing on tackling big challenges. economy and measure success to lift wellbeing for current and future generations. Our Government s priorities taken from Our Plan, BUILDING A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. Grow and share NZ s Support thriving and Transition to a clean green Deliver responsible. prosperity sustainable regions and carbon neutral NZ governance with a broader. measure of success, IMPROVING THE WELLBEING OF NEW ZEALANDERS AND THEIR FAMILIES. Ensure everyone who is Support healthier safer Ensure everyone has a Make NZ the best place in. able to is earning learning and more connected warm dry home the world for children. caring or volunteering communities,PROVIDING NEW LEADERSHIP BY GOVERNMENT.
Deliver transparent Build closer partnerships Value who we are Create an international. transformative and with M ori as a country reputation we can be. compassionate government proud of, ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. Our Economic Plan directly focuses on the four We must work together to positively change how we live. Government priorities to help us deliver a more work do business and play Progressively reversing. productive sustainable and inclusive economy It will existing environmental damage and protecting nature. also help us to achieve our wider priorities such as for ourselves and future generations must be part of. ensuring everyone has a warm dry home and ensuring our plan for a more sustainable economy. everyone who is able is earning learning caring or. volunteering We want thriving and sustainable regions. We want people to prosper and have opportunities no. We want to grow and share New Zealand s matter where they live Our regions are home for many. prosperity more fairly New Zealanders and where some of our major industries. New Zealand is recognised as being one of the best are located. places in the world to live Wellbeing is high for When people and businesses do well their region does. New Zealanders overall but the benefits of economic well We re unlocking the potential of our regions to. growth have been unevenly distributed create an environment where they thrive We re building. resilient and sustainable infrastructure that enables our. Significant disparities exist with some of our, communities faring worse on wellbeing indicators regions to grow and supports a modern and connected. including unemployment income health and educational economy across New Zealand. attainment, We want all New Zealanders to have equal opportunities We want to deliver responsible government. to participate in an economy that is strongly connected with a broader measure of success. to the world and for all New Zealanders to share in the As a country we cannot achieve these goals and. rewards and benefits of economic growth aspirations by continuing with the status quo We must. The best way we can raise the living standards of all do things differently and measure our success more. New Zealanders in the long run is to work smarter not holistically Over the past two years we ve broadened. harder This means increasing our skill levels to improve our measures of success to put wellbeing at the heart. our productivity and support higher incomes for all of what we do and measure. New Zealanders We must ensure our education system The wellbeing approach is built around the Treasury s. and labour market settings encourage investment in the Living Standards Framework and its four capitals. new skills our workforce needs now and for the future financial physical human natural and social Measures of. Economic growth must be inclusive and sustainable current wellbeing and the state of these four capitals are. showing care for people and the environment being tracked through the Living Standards Framework. We want to transition to a clean green Our Economic Plan lays out our ambitious vision to. carbon neutral New Zealand improve living standards for current and future. This Government is committed to making a just generations by transitioning our economy to be. transition to a low emissions economy to lead by productive sustainable and inclusive. example and minimise New Zealand s contribution to This Government remains focused on building a strong. climate change foundation for our economy through macroeconomic. Our land forests fresh water marine environment and monetary and fiscal policy settings Our responsible. indigenous biodiversity are the foundations of our fiscal management running surpluses and keeping. society and economy and hold a special place in the debt under control ensures we are resilient and. hearts and minds of New Zealanders They are at the prepared for disasters and shocks. heart of our success livelihoods and wellbeing as We are improving our institutional settings to support a. New Zealanders modern New Zealand economy that benefits all. Our focus is on how we support our people places and New Zealanders We have amended the Reserve Bank Act. businesses to use our resources more sustainably to focus on employment as well as price stability and. through the smart use of technology education are improving the banking system to better protect. regulation and investment New Zealanders savings, Our commitment to being financially disciplined will. ensure we build a resilient economy that benefits all. New Zealanders now and for future generations, ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY.
KEY ECONOMIC SHIFTS, New Zealanders value the wellbeing of our people and If we achieve these shifts we ll go a long way towards. health of our environment inclusivity and fairness making New Zealand a great place to live and make a. We want an economy in which sustainable economic living Our work programme as a Government is just a. growth genuinely improves the lives of us all start Tackling long term challenges and turning around. years of neglect takes time We are bringing fresh,To achieve this our economy must be productive. thinking and looking beyond traditional economic, sustainable and inclusive This Economic Plan identifies. and social policy to address these challenges and, eight economic shifts which represent some of the most. support wellbeing,important transitions we must make to prepare our.
economy for the big changes coming our way and address. our most pressing economic social and environmental. challenges as a country, ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. ECONOMIC PLAN,OUR VISION TO BUILD A PRODUCTIVE SUSTA. TO IMPROVE THE WELLBEING AND LIV,Grow and share NZ s Support thriving and. prosperity sustainable regions,THE KEY ECONOMIC SHIFTS WE NE. The NZ economy People are skilled Deeper pools Strong and. moves from volume adaptable and of capital are revitalised regions. to value with kiwi have access to available to invest. businesses including lifelong learning in infrastructure. SMEs becoming and grow NZ s,more productive productive assets.
This means This means This means This means, Building on our Businesses can access We have the modern People and. existing strengths the skills and labour infrastructure we businesses thrive. and international when and where they need to enable our irrespective of where. connections to need it transition to a low they live or work. leverage new People continually emissions economy Regions are. opportunities updating the skills Kiwis have confidence connected and. in domestic and they need for success to invest in innovative equipped with. international markets in the future of work NZ firms modern and resilient. Investing in new Higher wages and Regions and infrastructure. technology and being better conditions at businesses have Backing place. at the forefront of work access to the world s based comparative. digital innovation knowledge and advantages and, including to drive innovation through innovation strengths. mitigation and stronger international,adaptation to connections. climate change,NZ businesses have,Thriving and dynamic timely access to capital. small medium and to innovate and grow,large enterprises.
ECONOMIC PLAN FOR A PRODUCTIVE SUSTAINABLE AND INCLUSIVE ECONOMY. AINABLE AND INCLUSIVE ECONOMY,VING STANDARDS OF ALL NEW ZEALANDERS. Transition to a clean green Deliver responsible governance. and carbon neutral NZ with a broader measure,of success. ED TO ACHIEVE OUR VISION ARE, Enable a step Sustainable and Land and resource Transform our. change for M ori affordable energy use delivers greater housing market to. more productive sustainable and inclusive economy to improve the wellbeing and living standards of all New Zealanders The Plan identifies eight key shifts and policy action related to each shift that will tackle the long term challenges the New Zealand economy is facing They signal our goal to balance outcomes across financial human natural and social capital and will act as an

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