Table of Contents

Part 1 Defining "success": what was unique about New Zealand's structural adjustment?; an experiment in pure liberal economic theory implemented by a Labour government; the fundamentals, rigid monetary policy, deregulated labour market, free trade and investment programme, surplus driven fiscal programme. Part 2 Setting up the experiment: the laboratory and structural adjustment formula; empowering the technocrats; capturing the political machine; why New Zealand - the dependency of a colony; dependency on exports; positive embrace of external political patronage; shallow constitutional machinery; incorporation of movements of resistance into the state; weak national identity. Part 3 The fundamental ingredients: tight money; economic liberalization; labour market deregulation; a limited state; fiscal restraint. Part 4 Evaluating the results: the economic deficit; the social deficit; the political deficit; the cultural deficit. Part 5 The prognosis.

About the Author

Tom Behan (1957 - 2010) was Senior Lecturer in Italian Studies at the University of Kent. His books include Defiance: The Story of One Man Who Stood Up to the Sicilian Mafia (2008), See Naples & Die: The Camorra & Organised Crime (2009) and The Italian Resistance: Fascists, Guerrillas and The Allies (Pluto Press, 2009).