May 5, 2020

New Zealand's prime minister turns her back on economic growth

Jack Pearl, London Economic - New Zealand’s Prime Minister Jacinda Ardern has put out a national budget where spending is dictated by what best encourages the “well-being” of citizens, rather than focusing on traditional bottom-line measures like productivity and economic growth.
The government will put an emphasis on goals like community and cultural connection and equity in well-being across generations in what has been described as a “game-changing event” by LSE professor Richard Layard.

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