Dr Greg Clydesdale says:
A key feature of recent economic debate has been the idea that Auckland will be the country’s economic driver. The argument states that there are economic advantages to having many firms located close together. However, Auckland’s industries have low rates of innovation and exports: key drivers of economic growth. The city lacks the capabilities to deliver desired growth rates.
Auckland’s location does present many economic advantages, but to expect it to drive growth is going too far. Recent policy was inspired by recent literature from economic geography, diversity and immigration. Dr Clydesdale states it is time to end the myths and alchemy that has influenced the New Zealand economy for so long. It is time to get back to basics. …
Definite food for thought. The full paper is embedded below.