Abstract

In the past two decades, New Zealand had attracted a lot of attention from economists all over the world. Earlier, it was one of the most protected economies in the world. But in the 1980s and 1990s, the country embarked on an ambitious economic liberalisation programme. Some analysts felt that reforms had been implemented too fast and the associated social costs had been high. Others opined that New Zealand would have been far worse off without these reforms. The case illustrates the challenges developed countries face in retaining their global competitiveness.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

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Keywords

New Zealand case study, Commonwealth nation, Most protected economy, Abel Tasman, Treaty of Waitangi, School zoning, Fiscal Responsibility Act, 1994, Asian currency crisis, Helen Clark, Third richest country, Employment Contract Act, 1991, Economic policy, Industry in New Zealand, Foreign trade, Labour Government