New Zealand's Radical Reforms

Observer 205, April/May 1997
In a little over a decade the New Zealand economy, once characterised by a high degree of interventionism, has been radically transformed. There has been a dramatic improvement in economic performance in recent years. The New Zealand experience offers a rich array of ideas for other countries re-examining their own economic and social arrangements, although the transferability of these ideas will depend on the ability of these countries to adapt them to their own social and political context.
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Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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