Story: Economic thought

Car assembly

Car assembly

This motor car is being assembled at a plant in Christchurch in 1960. W. B. Sutch, a civil servant and economist, advised government to guide the country down a route of import-substitution industrialisation. This policy included strict controls on imports, and protection for the manufacturing sector. New Zealand’s economy was highly regulated, using policies such as these until the reforms of the mid-1980s.

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Christchurch City Libraries
Reference: Photo CD 11 IMG0048

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How to cite this page:

Gary Hawke, 'Economic thought - Post-war economics', Te Ara - the Encyclopedia of New Zealand, (accessed 23 May 2022)

Story by Gary Hawke, published 11 Mar 2010