Can New Zealand catch up to Australia?

Is New Zealand disadvantaged by economic geography to such an extent that it cannot hope to catch up to Australia’s average income levels, even with further improvements in institutions and policies? That is probably the most important question considered in the second report of the 2025 Taskforce that was released a few days ago.

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Economic Geography and the Recession

New York Times published an interesting geographic map of the recession in the U.S (link)