• 00:01    |    
    Initial credits
  • 01:13    |    
    Presentation of Ruth Richardson
  • 02:32    |    
  • ¿Are these ideas radical?
  • 07:44    |    
    About New Zealand
    • The definition of New Zealand
    • The Reform
    • The international perspective
    • The tide of ideas
    • The vision goes beyond the material ambitions
  • 17:12    |    
    The recipe for having a good economy
    • Discipline in monetary policy
    • Discipline in fiscal policy
    • Open and competitive markets
    • Tariffs
    • Tax policy
    • The human capital
  • 29:06    |    
    A growing economy
  • 32:36    |    
    The transformation in New Zealand
    • Strategic vision
    • Political will
    • High quality policies
    • Communication
  • 42:25    |    
    Fundamental concepts
    • Coherence
    • Transparency
    • Accountability
  • 48:45    |    
    Important elements of politics
  • Actions not words
  • 52:18    |    
    The "big bang" reform
  • 55:20    |    
    The results of the reform
  • 59:17    |    
  • 01:02:50    |    
    Period of questions
    • Deregulation in the labor market
    • Could you please explaine more about monopolies
    • ¿Can we apply liberalism in third world countries?
    • ¿How long does it take to harmonize the different sectors?
    • ¿What would you like us to take home?
  • 01:17:57    |    
    End of lecture
  • 01:19:11    |    
    Final credits

A Radical Idea

New Media  | 19 de junio de 1997  | Vistas: 2652

About this video

As 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.


A Radical Idea
Ruth Richardson

Auditorio Juan Bautista Gutiérrez
Universidad Francisco Marroquín
Guatemala, June 19, 1997

Digitization made by New Media - UFM. Guatemala, June 1997
Index: Inés Zúñiga; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España


Ruth Richardson is former minister of finance of New Zealand. She…