Third Way Economic Management in New Zealand

  title={Third Way Economic Management in New Zealand},
  author={Paul Dalziel},
  journal={The Economic and Labour Relations Review},
  pages={193 - 207}
  • P. Dalziel
  • Published 1 December 2001
  • Economics
  • The Economic and Labour Relations Review
The article explains why a ‘Third Way’ for economic management has become important in New Zealand. Economic growth fell sharply compared to Australia after 1984, due to a slow-down in New Zealand's labour productivity growth after 1991. The paper argues this was partially the result of a neglected aspect of economic management during the 1984–94 decade of economic reform: fostering domestic physical capital formation. The third way differs from both the approach adopted prior to 1984 and the… 


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