Essay The Role And Functions Of New Zealand Government

The New Zealand Government has made significant changes to the economy throughout the last 15 years. The operation and organisation of business activity in New Zealand has been affected by this changing economy. All aspects of the New Zealand Government have been altered. The reason for this change was to improve the performance by being more efficient. The key reforms are privatisation and corporatisation of State Owned Enterprises (SOEs) and restructuring government agencies. The most significant change was the election of the Labour Party in 1984, which ended the Muldoon Administration. At this time, New Zealand was in a rut because of poor economic management by the previous Government. Unemployment was high in 1983 and still†¦show more content†¦Some restructuring and reforms affected these sectors. The New Zealand Government owned many enterprises such as State Insurance, Air New Zealand, New Zealand Rail, The Bank of New Zealand, and Telecom. In 1987 most of these assets were sold. By doing this it meant the Government could pay off large accumulated debts and allow these companies to become more efficient. After the sale of these SOEs that the New Zealand Government has become more efficient too, they can focus on their primary task by providing essential services. Some of these services include public hospitals, education, benefits, and emergency relief. From the reforms came a radical change in New Zealand trade. In 1984 the Government devalued the New Zealand Dollar by 20%, then in 1985 introduced a floating exchange rate. Along with that, the removal of agricultural subsidies and import tariffs. It allowed New Zealand to be a fairer country to trade with. As a direct result, the trade competitive index jumped from 0.72 on 1985 to 0.98 in 1987. Foreign investment increased as the New Zealand Dollar strengthened against the ‘green back’ and the pound. Consequently, importing and exporting firms benefited from the change in policies. The services that the New Zealand Government provides have ongoing restructuring (which means altering an already established department) in the State Sector. The State Sector Act 1988, â€Å"which departmental Chief Executive is fullyShow MoreRelatedThe Abolition Of The Monarchy Affect New Zealand s Constitutional Structure1750 Words   |  7 PagesWord Count: 2036 words How would the abolition of the Monarchy affect New Zealand’s constitutional structure? Abolishing the Monarchy in New Zealand would inherently call into question the issue of constitutional reform. New Zealand would need to consider having a written constitution. In this essay the focus will be on ‘Independence and a Written Constitution’ in relation to steps that may need to occur for New Zealand to become a Republic. 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