<EDIT: or because their existence was so horrible at home under VVV that anywhere else was better> That explains a lot of movement. But not flow of capital and investment.
I have a grandchild due to be born in London in March, in the citadel of the British Empire. That child's ancestors include 1 x orphan refugee, 1 x war refugee, 1 x swam for freedom to Hong Kong [three times succeeding at last], 2 x NZ economic migrant from China, 1 x adventurer English engineer working in oil in China, 1 x boy went to sea from south coast of England having had a grandfather escape from the French revolution, 1 x school teacher/store keeper took the family [total 10 in the end] to Norfolk Island from village England etc... life was tough in those days, death tended to be early.
They then all worked hard and with capital exported from England were able to build the richest country in the world per capita at one time [or maybe it was third]. With a very low murder and crime rate.
But over 40 years, the rot has set in and it's a nasty little place, way down the scale of economic success and high on the scale of social horrors [child murders, other murders, violence, theft, burglary and muck].
NZ needs a good big dose of VVV.
Mqurice |