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Lessons for Europe from New Zealand's Liberalisation Experience

Published online by Cambridge University Press:  26 March 2020

Alan Bollard  and
David G Mayes
Alan Bollard
Affiliation:
New Zealand Institute of Economic Research; National Institute of Economic and Social Research and New Zealand Institute of Economic Research
David G Mayes
Affiliation:
ESRC Single European Market Research Initiative
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Extract

The whole of Europe has embarked on a major programme of economic change. The former CMEA countries are trying to move rapidly from state planning to market economies. In the west, not only is the European Community well down the road to removing a large number of non-tariff barriers between the member states through the Single Market programme—extended to EFTA through the European Economic Area agreement but it has also agreed, through the Maastricht Treaty, to try to converge to an economic and monetary union with low inflation, low public sector deficits and controlled public debt, before the end of the century. Negotiations are beginning over extending this, through full membership of the Community, to Austria, Finland, Norway and Sweden.

Type
Articles
Information
National Institute Economic Review , Volume 143 , February 1993 , pp. 81 - 97
Copyright
Copyright © 1993 National Institute of Economic and Social Research

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