What comes next?
New Zealand’s other economic problems — which include an aging population, a crumbling health service, inadequate infrastructure and an economy reliant on dairy and other food exports that is set to be tested by extreme weather events — have defied the efforts of successive governments, said Craig Renney, an economist for the New Zealand Council of Trade Unions.
“We still have an economy which, structurally, is a commodity-exporting, low-wage economy,” Mr. Renney said, “supported by a giant housing market where we sell houses to each other.”
There is a particular antipathy toward public spending to solve those problems, even as the liabilities of not acting continue to climb, he added. “We have a national debt that is the envy of every developed country in the world,” he said, “yet we have this insistence that there is a debt crisis just around the corner.”
Despite these challenges, New Zealand’s trajectory was largely positive, said Shamubeel Eaqub, a New Zealand-based economist. “I’m optimistic about New Zealand,” he said. “I’m not optimistic about our politics.”
And while New Zealanders may approach Saturday’s vote with a sense of irritability, after an election campaign that has been characterized by mudslinging and small-target campaigning, there have been few allegations of the misinformation or antidemocratic behaviors that have bedeviled elections elsewhere in the world.
“In New Zealand, we don’t stop and think, ‘If you look at all of the indicators and league tables around the world, we’re actually one of the best-governed countries on earth,’ ” said Dr. Duncan, the political scientist. “But if you actually tried to say it to most New Zealanders, they’ll ask you, ‘What are you on?’”
