Story: Economy

Roger Douglas, 1984

Roger Douglas, July 1984

New Zealand’s economy is primarily based on the market, but until 1984 the degree of government involvement was greater than in many other Western economies. The 1984 Labour government encouraged vigorous market liberalisation. The major architect was Minister of Finance Roger Douglas, standing here in front of Parliament at the time of his first reforming Budget.

Using this item

Alexander Turnbull Library
Reference: EP/1984/5279
Photograph by John Nicholson

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

Brian Easton, 'Economy - Distinctive features', Te Ara - the Encyclopedia of New Zealand, (accessed 14 July 2024)

Story by Brian Easton, updated 1 Sep 2016