A Radical Idea

About this video

As New Zealand’s Minister of finance from 1990-1993, Ruth Richardson acted on radical ideas in order to transform her country into a world-wide example of the benefits that a free-market economy enjoys. She begins her lecture by stating that the idea itself is not what makes a thought radical, it is the action and implementation of such thought that makes such idea far-reaching. Throughout this conference, Richardson shares the recipe for a good economy, focuses on the transformation that New Zealand went through and the fundamental concepts that drove the reforms in her country: Coherence, transparency and accountability. Furthermore, she shares the positive results from the reforms, which present New Zealand as one of the most competitive nations in the world with a 20 percent economic growth since 1991, a 15 percent job increase and a 30 percent export increase, among other aspects.

Ruth Richardson

Ruth Richardson was New Zealand's Minister of Finance during the period of 1990 to 1993. She conducted the New Zealand's second wave of reforms, after the first one, that was directed by Roger Douglas in the mid 1980's. Richardson got her Law degree with Honours from Canterbury University. She's now the principal of Ruth Richardson [NZ] Ltd., a company that offers international consultancy and corporate governance services.

Source: www.rrnz.orcon.net.nz
Last update: 05/12/2007

Credits

A Radical Idea
Ruth Richardson

Auditorio Juan Bautista Gutiérrez
Universidad Francisco Marroquín
Guatemala, June 19, 1997

Digitization made by New Media - UFM. Guatemala, June 1997
Index: Inés Zúñiga; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Pedro David España

This work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0