Alan Bollard: Economic surveillance after the crisis – reflections from a small full service central bank Speech by Dr Alan Bollard, Governor of the Reserve Bank of New Zealand, and Mr Enzo Cassino, Acting Manager, Financial Markets Research, to the Sim Kee Boon Institute Conference on Financial Economics, Singapore, 5 May 2011.
The factor-intensive, export-oriented growth strategy, based on comparative advantage and fuelled by trade preference, with sugar, textiles and tourism as the three main pillars of the economy, has given way to a new strategy. We are now building competitive advantage in targeted sectors.