Editing Deregulation (section)

=== New Zealand ===
[[File:Postal deregulation New Zealand.jpg|thumb|right|Since the deregulation of the postal sector, different postal operators can install mail collection boxes in New Zealand's streets.]]
{{See also|Economy of New Zealand}}
New Zealand Governments adopted policies of extensive deregulation from 1984 to 1995. Originally initiated by the [[Fourth Labour Government of New Zealand]],<ref>{{cite encyclopedia
|title=Spending in the economy – Economic reform from 1984
|encyclopedia= Te Ara – the Encyclopedia of New Zealand
|date= 5 March 2010
|access-date=4 October 2012
|url= http://www.TeAra.govt.nz/en/spending-in-the-economy/3
|first=Paul
|last=Dalziel}}</ref> the policies of deregulation were later continued by the [[Fourth National Government of New Zealand]]. The policies had the goal of liberalizing the economy and were notable for their very comprehensive coverage and innovations. Specific policies included: floating the exchange rate; establishing an independent reserve bank; performance contracts for senior civil servants; [[public sector]] finance reform based on accrual accounting; tax neutrality; subsidy-free agriculture; and industry-neutral competition regulation.  Economic growth was resumed in 1991. New Zealand was changed from a somewhat closed and centrally controlled economy to one of the most open economies in the OECD.<ref>{{cite journal |last1=Evans |first1=Lewis |last2=Grimes |first2=Arthur |last3=Wilkinson |first3=Bryce |last4=Teece |first4=David |title=Economic Reform in New Zealand 1984-95: The Pursuit of Efficiency |journal=Journal of Economic Literature |date=1996 |volume=34 |issue=4 |pages=1856–1902 |id={{ProQuest|213226506}} |jstor=2729596 }}</ref> As a result, New Zealand, went from having a reputation as an almost socialist country to being considered one of the most business-friendly countries of the world, next to Singapore. However, critics charge that the deregulation has brought little benefit to some sections of society, and has caused much of New Zealand's economy (including almost all of the banks) to become foreign-owned.{{Citation needed|date=October 2012}}