-I was studying the performance of the New Zealand economy after one of the most extensive liberalizations programs in the World, and frankly, I found it quite mediocre. Low GNP growth (average 2% from 1989 to 1998 in a country whose populations grows by 1%/year), a devastating deterioration of current account balance (-7% in 1998, never saw a so ugly curve) and a harmful effect over industry.I don´t know the why´s of liberal euphoria over that country, So... 1-Am I being too biased? 2-Does anyone have something to add? Maybe Dennis, Doug??? 3-More recent data?
http://www.treasury.govt.nz/nzeconomy/ http://www.stats.govt.nz/domino/external/pasfull/pasfull.nsf/web/Yearbook+17 +National+economy+1999+17+National+economy?open#one http://www.stats.govt.nz/domino/external/pasfull/pasfull.nsf/web/Yearbook+5+ Population+1999+5+Population?open#one