Lessons for Europe from New Zealand's Liberalisation Experience
Alan Bollard and
David Mayes
National Institute Economic Review, 1993, vol. 143, 81-97
Abstract:
The whole of Europe has embarked on a major programme of economic change. The former CMEA countries are trying to move rapidly from state planning to market economies. In the west, not only is the European Community well down the road to removing a large number of non-tariff barriers between the member states through the Single Market programme—extended to EFTA through the European Economic Area agreement but it has also agreed, through the Maastricht Treaty, to try to converge to an economic and monetary union with low inflation, low public sector deficits and controlled public debt, before the end of the century. Negotiations are beginning over extending this, through full membership of the Community, to Austria, Finland, Norway and Sweden.
Date: 1993
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