What role for Auckland in primary economy?
As the process of establishing a single council for Auckland moves remorselessly onwards, questions are being raised about the region's role in a national economy increasingly producing its exports from the primary sector.
A second quarterly report on the Auckland economy from Business and Economic Research Ltd (Berl) ) and the AUT Institute of Public Policy shows the city making an unremarkable climb out of the economic downturn.
Few signs pointed to the Auckland economy leading the nation into recovery, Berl chief economist Ganesh Nana said, publishing the report today.
"On the contrary, the picture for Auckland seems to follow that of the nation," he said.
"And looking beyond the short term, with New Zealand's export revenues increasingly concentrated in primary commodities and associated processing, the question of the role of the super city within such an economy needs to be urgently addressed.
"Auckland could continue as a property and consumer-oriented economy operating as a transport hub for New Zealand. Or, it could look to truly lead by providing that point of difference for NZ Inc to leverage," Dr Nana said.
"Such a transformation has proved elusive for some time, and there is little sign that we are any closer to finding that export and wealth-generating leader for the nation."
The new report forecast a marginally brighter picture for Auckland's manufacturing exports, but a difficult year for exporters selling to the United States and European markets.
Employment growth was forecast to be modest, at best, while another "stand still" year for the retail sector was expected.
House building was predicted to be considerable, but that would be catching up for lost activity, while short term net migration gains were forecast to ease over the medium to longer term as Aucklanders looked to greener pastures across the ditch.
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Comments and questions7
Like a Tax Free Haven for super yachts in revenue earning special canalised area of the Tank farm instead of more parks , would be one. It would inject huge sums into the local economy in a myriad of ways. We do not need parks on the waterfront .
Auckalnd is full of beautiful parks.
Better yet, Auckland should become a city-state tax-free zone modelled on the likes of Monaco, Singapore, Dubai, Panama, etc. It would become a world leader in banking, financing, financial mathematics and other great derivatives that flow from being a tax-free haven!
We just need an arrogant, conceited, autocratic ruler (don't forgot we already got John Banks, he just needs a turban and a harem).
Auckland and its Sister City Wellington are major debtors the the NZ economy! Why--because they both spend much more than they earn, and both seem to be removed from reality.
Perhaps if the South Island was independent economy and state with and in NZ and ran their own very profitable economies, Auckland & Wellington just might have to turn a real profit to survive!!!
A Happy South Islander who see no advantage of being associated with the debt ridden north island--then you may start and respect the rural sector
Spot on Dougal, Aucklands share of the national export and savings deficits is huge. Like a modern day Roman empire extracting tribute from it's vassal states this bottomless pit of consumption is dragging the whole country into the mire.
Can we force them to secede?
So Auckland is dragging down the rest of NZ...Didnt see this article in NZ Herald...
Have a look at the Harcourt F/W engine on Googal. I believe this simple engine could provide all of NZ electricity from Bio Gas, CNG etc, along with reducing our imports of fossil fuels down to a 30th or less & almost eliminate pollution. I cannot spell for nuts but can think outside the square!!
What about a fishing fleet that is owned & run by Kiwis for NZ benefit & brings export $ into the NZ economy; I can tell you from hard experience--a cow had only 4 tits & you can only milk then twice a day & right now I think that they area at full stretch!!
Right on pal
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