Economic options listed

Press, 3 September 1984, Page 3

Economic options listed

PA Wellington The Public Service Association, in a discussion paper, has identified 10 areas which it believes could result in a more stable, sustainable, and equitable economic future for New Zealand. A P.S.A. economist, Mr Peter Harris, said yesterday that the options were part of an economic debate going on within the association. The options for the future identified in jthe paper are: • Extension of public ownership into key industries, particularly finance

and natural resources. 9 Creation of a system of industrial democracy which gives the workforce a greater influence in the running of corporations. • A new system of economic planning to coordinate the allocation of resources in a way which serves a broad range of socio-economic and environmental objectives. © The introduction of a wealth tax and a tax on capital gains in order to raise revenue to finance public sector programmes and increase the equity of'

the taxation system. 0 A programme of expanded Government expenditure to stimulate domestic demand,., mobilise unemployed resources, and improve the socio-economic welfare of workers. © An expanded system of controls on foreign investment to minimise the restriction which foreign firms impose on government economic policy. © Restructured import controls to guarantee the economic diversification necessary for disentangle-

ment from the international economy.

© Imposition of price controls to prevent any inflationary effects emerging from a programme of expanded Government expenditure: © The development of an income redistribution policy wich ensures that the real incomes of workers rise with increased national productivity and output. © The development of an integrated employment and technology policy as a means of redistributing the available employment.