Compare responses of government to the depression of 1930s a

Compare responses of government to the depression of 1930s and global financial crisis of 2007-2009? What were some measures taken by NZ government to soften the impact?

Solution

Cost–benefit analyses, calculated by the Copenhagen Consensus, ranked climate mitigation initiatives lowest on a list of international development initiatives when first done in 2004. In a 2010 interview with the New Statesman, Lomborg summarized his position on climate change: \"Global warming is real – it is man-made and it is an important problem. But it is not the end of the world . The government responded to the crisis by borrowing more money from abroad. As the Depression deepened, however, the pool of willing lenders dried up. Britain and Canada worried that it would reflect badly on the Empire if Newfoundland and Labrador failed to meet its interest payments and agreed to lend the government money in return for a number of concessions.New Zealand initiated its response to climate change in 1988 with the establishment of the New Zealand Climate Change Programme, coordinated by the Ministry for the Environment. The programme has steadily evolved and now spans several government departments and agencies. A group comprised of the relevant government agencies’ chief executives (the Natural Resources Sector Group) provides governance for the coordination of environmental policy, including climate change. The history of New Zealand’s climate change response and governmental decisions until 2006 are set out in New Zealand’s Fourth National Communication.