American business magazine Forbes has ranked New Zealand as the best place in the world to do business.
New Zealand is usually ranked at or near the top of most international surveys that measure business-friendliness or economic freedom.
It’s a puzzling result, because we’re constantly told by politicians on the right that we need less regulation, and that if we cut red tape we’ll help to grow businesses.
We’re already one of the most deregulated economies in the world, and yet strangely our economy is still stagnant. Unemployment is up, and our manufacturing sector is struggling. How could this be?
Is it likely, then, that the solution to our economy’s woes is more deregulation?