Friday, July 06, 2007

NZ world's sixth most prosperous

New Zealanders are the world's sixth most prosperous according to a recent worldwide survey. [Story here at NBR.] The survey ranks 50 countries "according to two broad categories— 'material wealth' and 'life satisfaction'—which are based on 20 diverse indicators including things like capital accumulation, climate, and divorce rates." That sixth position comes despite New Zealand's performance as measureed by the traditional measure of prosperity, material wealth.
In material wealth, New Zealand ranked eleventh, just behind Denmark.
Interestingly, however, the country did not perform so well on the category
called “commercializes new ideas by exploiting innovation,” where it earned a
score of negative two. Compare that to Ireland, for instance, which scored 23 in
the same category, and which has launched itself to the forefront of the
technology sector.

There has to be a lesson there, doesn't there. NZ's sixth place sees us coming behind the US, Norway, Sweden, Austria and Canada.



Anonymous Debbie said...

Did these people actually interview New Zealanders?!

7/06/2007 01:29:00 pm  
Anonymous Yes, it's Cleetus again said...

Reckon there's statisics and lies. This has elements of both.


7/06/2007 07:15:00 pm  
Blogger Greg Bourke said...

What hocus pocus is this??

First, 'life satisfction' is subjective and might be lower if we had close neighbours to examine.

Second, our material wealth is built on over-spending and perversity of the high dollar. Two cases this week alone point to that: bridgecorp and the $4million Fitzsimon fraud in Napier.

As my stock agent said, 'It's nice to have a cheap holiday in Aussie but I'd prefer to have a viable company and a job when I come back'.

7/08/2007 09:03:00 am  

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