On Tue, 2 Apr 1996, bill mitchell wrote: * * * > the swish pamphlet paints a very pessimistic outlook for the NZ economy in > terms of low investment, low productivity and declining export prospects. In > other words, while the usual criticisms of the reforms were in terms of equity > and social issues (distribution etc), the alleged advantages of the reforms > (efficiency etc) do not seem to have been enduring. there seems to have been a > once off effect in the euphoria of the capitalist feeding frenzy which lasted > for a very short time. the economy now is looking rather lame. > > kind regards > bill One point I have seen several economists make about any figures showing rebounds in NZ have to take into consideration the decade-long decline just before --->>> and during a time when the deregulatory policies were in place. As a result, even very large percentage improvements barely brought them even with where they were over a decade earlier. When asked to account for the declines under deregulation, its proponents gave the "dog-tag" explanation. That is, they would say that their policies would finally succeed once the next bit of deregulation was done. With success still eluding them, the last bit to be done is deregulating the dog tags. ellen Ellen J. Dannin California Western School of Law 225 Cedar Street San Diego, CA 92101 Phone: 619-525-1449 Fax: 619-696-9999
[PEN-L:3581] Re: State of the New Zealand economy
Ellen Dannin <[EMAIL PROTECTED]> Tue, 2 Apr 1996 13:46:24 -0800
