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John Key -
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Prime Minister John Key's market based approach to the recession has caught the attention of the Wall Street Journal.
In a recent interview with the magazine, Key explained his strategy to put New Zealand in the front running as the global economy recovers from one of the worst recessions in decades.
Key told the magazine that massive stimulus packages being introduced by governments around the world will have limited advantages.
"You've saddled future generations with an enormous amount of debt that then they have to repay," Key said. "There is actually a limit to what governments can do."
Key says his strategy is to pull New Zealand out of the recession by improving productivity.
"We need to lift those per-capita wages, and the only way to really do that is through productivity growth driving efficiency in the country," Key said.
To read the Wall Street Journal's in depth article CLICK here.
