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For many years New Zealand was stereotyped as a sleepy hollow of the South Pacific, but more recently, it has had an influence in international affairs which belies its size. Noted more for its conservatism and stability, its green fields and sheep, than for its innovation and radicalism, this most geographically isolated of English-speaking countries took pride in its role as a provider of agricultural produce for Europe.
Contiene: Introduction: The political economy of privatization; Privatization for economic development; The missing ingredient: what poor countries will need to make their markets work; Privatization, incentives, and economic performance; Taxation, enforcement costs, and the incentives to privatize; Growing a post-communist legal system; Spontaneous privatization in transition economies.
Many developed countries restructured relations between state and economy from the late 1970s into the 1990s. Among them, New Zealand went far, fast, and left a clear trail, making it possible to study economic restructuring as it occurred, with all the debates, uncertainty, surprises, mistakes, and accomplishments this entailed. Adam Smith’s Islands reveals the inside life of a government determined to revolutionize its nation’s politics and economy. While the 1980s economic restructuring of members of the Organisation for Economic Co-operation and Development and former Warsaw Pact countries can seem like a foregone conclusion from the vantage point of the twenty-first century, John We...