We’ve much to do in continuing to build our global linkages and addressing government spending and regulatory issues that diminish productivity and competitiveness. But addressing these will create valuable payoffs for our future given our major resource endowments, our impressive agricultural and primary production engine, and the potential in our education, tourism and other sectors.
In most situations the comments made almost a century ago by William Bryan, the 41st US Secretary of State remain relevant: “Destiny is not a matter of chance; it is a matter of choice”. BIS central bankers’ speeches  5  6  BIS central bankers’ speeches  BIS central bankers’ speeches  7