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Since the mid-1980s, New Zealand has been engaged in a broad-ranging economic reform program--involving liberalization of key sectors of the economy, reduction in trade protection, and trimming of the public sector--in order to restructure its economy and stimulate growth. With growth performance having been rather lackluster in recent years, questions have been raised as to whether a more interventionist approach--such as that followed by some Asian countries--might be warranted in order to place the economy on a higher growth path. A review of the empirical literature dealing with the experience of the dynamic Asian economies does not suggest that their success can be attributed to any significant degree to selective government interventions.

Investments: General --- Public Finance --- Production and Operations Management --- National Government Expenditures and Related Policies: Infrastructures --- Other Public Investment and Capital Stock --- Production --- Cost --- Capital and Total Factor Productivity --- Capacity --- Macroeconomics: Production --- Investment --- Capital --- Intangible Capital --- Macroeconomics --- Public finance & taxation --- Public investment spending --- Public investment and public-private partnerships (PPP) --- Total factor productivity --- Productivity --- Private investment --- Expenditure --- National accounts --- Industrial productivity --- Public investments --- Public-private sector cooperation --- Saving and investment --- New Zealand