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Are growth strategies in East Asia relevant for New Zealand? (Cover Story): An article from: Finance & Development
Jonathan D. Ostry
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About this product:
This digital document is an article from Finance & Development, published by International Monetary Fund on March 1, 1994. The length of the article is 2534 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
From the supplier: New Zealand has been at the forefront in implementing a neoclassical approach to economic restructuring. Since the mid-1980s, successive governments have been engaged on a broad-ranging economic reform program that involves liberalizing key sectors of the economy, reducing trade protection, and trimming the public sector. Yet growth performance in recent years has been lackluster. By contrast, many East Asian economies have achieved high growth rates by adopting a more interventionist stance. This disparity in growth rates has raised calls for the rethinking of New Zealand's policy approach and the adoption of a policy of selective government intervention similar to that practiced in East Asia. However, these calls for a policy change may be misguided. Studies by multilateral agencies such as the IMF and the World Bank all indicate that New Zealand's structural reforms are perhaps the best and only way to improve the country's long-term growth prospects.
Citation Details
Title: Are growth strategies in East Asia relevant for New Zealand? (Cover Story)
Author: Jonathan D. Ostry
Publication: Finance & Development (Magazine/Journal)
Date: March 1, 1994
Publisher: International Monetary Fund
Volume: v31 Issue: n1 Page: p13(3)
Article Type: Cover Story
Distributed by Thomson Gale