About this videoAs New Zealand’s Minister of finance from 1990-1993, Ruth Richardson acted on radical ideas in order to transform her country into a world-wide example of the benefits that a free-market economy enjoys. She begins her lecture by stating that the idea itself is not what makes a thought radical, it is the action and implementation of such thought that makes such idea far-reaching. Throughout this conference, Richardson shares the recipe for a good economy, focuses on the transformation that New Zealand went through and the fundamental concepts that drove the reforms in her country: Coherence, transparency and accountability. Furthermore, she shares the positive results from the reforms, which present New Zealand as one of the most competitive nations in the world with a 20 percent economic growth since 1991, a 15 percent job increase and a 30 percent export increase, among other aspects. |
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CreditsA Radical Idea
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