Review published in
Keywords:Globalisation & Trade; Growth & Innovation; Macroeconomics & Money;
Those who wish to challenge Wolfgang Rosenberg’s policy prescriptions must confront the outstanding performance of the New Zealand economy in the first part of the postwar era. In the three decades from the mid-1930s, following the recovery from the depths of the interwar depression: the economy grew as fast as – or faster than – the rest of the OECD; the rate of inflation was slightly below the average; the overseas debt was not compromising; and there was full employment, (Rosenberg puts the break point in 1975, although the last decade was not as good as the period up to 1966.)
