New Zealand in the World Economy
| Autor: | Leicester Webb |
|---|---|
| Rok vydání: | 1946 |
| Předmět: | |
| Zdroj: | International Affairs. 22:174-186 |
| ISSN: | 1468-2346 0020-5850 |
| DOI: | 10.2307/3017514 |
| Popis: | NEW ZEALAND has emerged from the war in better economic shape than almost any other belligerent. She has suffered no direct war damage; the inherent inflationary tendency of all war-time economies has been held reasonably in check; and there has been little distortion of the economic structure to meet the needs of war production. This happy situation is the result partly of good fortune. Except for the brief period when it seemed likely that Japan would strike at Fiji and New Caledonia, New Zealand was always comfortably distant from the theatres of war; and at no time was there any really serious interruption of the shipping services necessary to lift her primary products. With minor exceptions, she has met the requirements of war production by an expansion of the output of existing industries, so that there is now no serious problem of reconversion. But there has been good management as well as good fortune. War-time economic controls have on the whole been administered with wisdom and courage. In this respect New Zealand had an initial advantage over most of the other democracies in that, before the war began, difficulties of overseas payments had already involved her in import and exchange controls and, partly as a consequence of these, in measures to regulate the cost of living. New Zealand, therefore, had some previous experience in administering the type of controls forced on all countries by the war. |
| Databáze: | OpenAIRE |
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