Trade

TPP welcome, but no panacea

An extended TPP may have a positive effect on FDI – and New Zealand certainly needs to improve its FDI performance. But we should not expect the TPP to be a game-changer. Instead, we need to focus more on welcoming international investors, whether from TPP member countries or not. [...]

Sending profits abroad is a good thing

For Australia’s wealth and prosperity, it does not matter where the profits from Australian businesses end up. All that matters for the Australian economy is that Australia remains a place where business transactions take place – irrespective of who owns the business. [...]