Why Most Developing Countries Should Not Try New Zealand's Reforms

1 February 1998

journal article
Published by Oxford University Press (OUP) in The World Bank Research Observer

Vol. 13 (1) , 123-131
https://doi.org/10.1093/wbro/13.1.123

Abstract

During the past decade New Zealand has introduced far-reaching reforms in the structure and operation of government departments and agencies. This model has attracted interest in developing countries because it promises significant gains in operational efficiency. But developing countries, which are dominated by informal markets, are risky candidates for applying the New Zealand model. The author suggests that basic reforms to strengthen rule-based government and pave the way for robust markets should be undertaken first.

Keywords

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