Transaction Efficiency in New Zealand and Australia, 1961–96

Tim Hazledine

Chapter 14 in Creating an Internationally Competitive Economy, 2001, pp 250-270 from Palgrave Macmillan

Abstract: Abstract In 1984 the New Zealand government began a sequence of, to date, more than one hundred major economic reforms which converted what had been the most regulated of OECD economies into perhaps now the most open and least regulated.1 This remarkable programme of forced change – which perhaps is better suited to the word ‘revolution’ than ‘reforms’ – was motivated, or at least justified, by dissatisfaction with the performance of the New Zealand economy before 1984, which was blamed on rigidities and inefficiencies to be corrected by the imposition of ‘freemarket’ principles.

Keywords: Australian Economy; Total Employment; Intermediate Input; Phillips Curve; Sales Worker (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/9780230557062_14

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