Ganesh Nana writes about the growing disconnect in the New Zealand economy: New Zealand implemented all the ‘right’ macroeconomic policies such as targeting inflation and exercising prudent fiscal management. Yet productivity problems remain and outcome indicators such as homelessness, child poverty, and housing affordability are getting worse. While these policies may have worked elsewhere, their appropriateness for a small, open economy reliant on a large primary base facing trade barriers needs to be questioned.