Posted on 10:52, January 15th, 2009 by Jafapete
This despite a Labour-led government being in charge at the time the data were collected.
According to the Heritage Foundation, the increase–from 80.6% to 82%–was due to improvements in trade, investment and property rights. The Herald notes that, “Freedom from corruption declined but remained high at 94 per cent, and labour freedom fell but was also high at 89.65 per cent”, but doesn’t tell us that the “labour freedom” score declines with higher minimum wages, protections against arbitrary dismissals, etc. It doesn’t mean freedom for workers. Still, with December’s stripping of low-end workers’ protections against arbitrary dismissal (barring provable discrimination), NZ should score even higher on this “freedom” next year.
Interestingly, NZ came in just behind Hong Kong, Singapore, Australia and Ireland, and just ahead of the United States and Canada. What do all these countries have in common? A clue… Britain came in at number 10. Yep, the English-speaking, common law countries–all ruled by Britain at some point– share a predilection for light regulation of business. (This is borne out in the rankings of the right-wing Fraser Institute as well.)
It will be interesting to see how the Anglo-American economies and their Asian cousins fare compared to the rest of the world over the next couple of years.