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In 1871 New Zealand was the richest country in the world in terms of GDP per capita, followed by Australia and the United States. It was a very rich country during the first half of the 20th century, but by 1984, the government had evolved into a controlled system that dictated everything. The public sector had grown too much and there was excessive government regulation. The country was in a serious crisis and no longer appeared in the top 20 countries with the highest per capita GDP.
What did New Zealand do to get out of the crisis and become one of the most prosperous and stable countries today?
Sources of interest:
- Conway, Paul & Orr, Adrian. (2000). The process of economic growth in New Zealand. Reserve Bank of New Zealand Bulletin. 63.
www.researchga...
- Documentary: The New Zealand Story
• Trailblazers: The New ...
- Pacheco Gómez, M. (1997). Las reformas económicas en Nueva Zelandia: antecedentes para el caso chileno. International Studies.
revistaei.uchi...
Statistics:
- ourworldindata...
- data.worldbank...
Videos used:
- Cruise to Auckland
• Cruise to Auckland
Music:
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Artist: audionautix.com/