Some months ago, I commented briefly on a speech by the Secretary to the Treasury, Gabs Makhlouf (himself a fairly recent temporary immigrant), in which he had lauded the economic gains to New Zealand from our large-scale non-citizen immigration programme. Makhlouf asserted that:
Migration helps to lift our productive capacity – it enables the economy to grow faster by increasing the size of the workforce, in much the same way that foreign capital allows us to grow faster than domestic savings alone would permit.
Like foreign investment, migrants also bring new skills, new ideas and a diversity of perspectives and experiences that help to make our businesses more innovative and productive.
And perhaps most importantly, migrants often retain strong personal and cultural connections to other parts of the world, which opens up, and helps us to pursue, new business opportunities. We are in a pretty incredible position in this regard…
View original post 2,212 more words
Recent Comments