New Zealand

New Zealand has an even bigger productivity problem than Australia.

The Kiwis have spent and regulated their economy to death.

As the US swings towards isolationism, Australia must forge new alliances to safeguard its interests.

New Zealand's economy is in trouble, with a double-dip recession and shrinking per capita growth. The decline stems from a lack of productivity reforms and an excessive focus on equity over efficiency. But Australia isn't much better, and we could easily join them if policymakers get complacent.