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CultureShock! New Zealand by Peter Oettli

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‘They may be outnumbered 16 to one by sheep, but New Zealanders do not follow the flock. In economic policy they lead it.’

—The Economist, 16 October 1993

 

 

 

 

 

OVER THE LAST 20 YEARS, the business environment in New Zealand has changed dramatically. In the 1980s, business was conducted in a highly-regulated economy, with producer subsidies and tariff protection for inefficient industries. Many key service industries, such as the railways, electricity generation and distribution, and the post office, were owned and operated by the government. ...

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