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Fourth Labour Government Of New Zealand
The Fourth Labour Government of New Zealand governed New Zealand from 26 July 1984 to 2 November 1990. It was the first Labour government to win a second consecutive term since the First Labour Government of 1935 to 1949. The policy agenda of the Fourth Labour Government differed significantly from that of previous Labour governments: it enacted major social reforms (such as legalising homosexual relations) and economic reforms (including corporatisation of state services and reform of the tax system). The economic reforms became known as " Rogernomics", after Finance Minister Roger Douglas. According to one political scientist: The Labour government also enacted nuclear-free legislation, which led to the United States suspending its treaty obligations to New Zealand under the ANZUS alliance. David Lange led the government for most of its two three-year terms in office. Lange and Douglas had a falling out that divided the party. The government suffered a defeat at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of New Zealand Ministries
The New Zealand Government exercises executive power in New Zealand. This article lists spans of government under a party or coalition, as well as ministries under a prime minister. There have been three distinctly different periods of government in New Zealand—firstly, the period before responsible government; second, from 1856 to 1890, the period of responsible government; and the third period started with the formation of political parties in 1891. Guide to list This article lists the successive governments of New Zealand since 1856. The first government which formed along political lines did not appear until 1891, when John Ballance formed the Liberal Party and the Liberal Government. A government is named (by political commentators, as well as self-referentially) for the largest party that leads it – though compare the United–Reform coalition Government of 1931–1935. The term ' ministry', as used in this article, refers collectively to all the ministers who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First Labour Government Of New Zealand
The First Labour Government of New Zealand was the List of New Zealand governments, government of New Zealand from 1935 to 1949. Responsible for the realisation of a wide range of progressive social reforms during its time in office, it set the tone of New Zealand's economic and welfare policies until the 1980s, establishing a welfare state, a system of Keynesian economic management, and high levels of state intervention. The government came to power towards the end of, and as a result of, the Great Depression of the 1930s, and also governed the country throughout World War II. Significant policies Industrial * Significant improvements in working conditions took place, partly through greater competition for labour and partly through legislative provisions. * Enacted compulsory trade unionism (1936). * A Factories Act amendment introduced a 40-hour, five-day working week, with eight public holidays: Christmas Day, Boxing Day, New Year's Day, Good Friday, Easter Monday, Anzac Day ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Post
NZ Post ( mi, Tukurau Aotearoa), shortened from New Zealand Post, is a state-owned enterprise responsible for providing postal service in New Zealand. The New Zealand Post Office, a government agency, provided postal, banking, and telecommunications services in New Zealand until 1987. By the 1980s, however, economic difficulties made the government reconsider how it delivered postal services. For example, in 1987–1988, the postal division lost NZ$50 million. In 1985, the Labour Party government under Prime Minister David Lange launched a review, led by New Zealand Motor Corporation CEO Roy Mason and KPMG New Zealand Chairman Michael Morris, to find solutions to the Post Office's problems. In its final report, the team recommended transforming the New Zealand Post Office into three state-owned enterprises. The government in 1986 decided to follow the Mason-Morris review's recommendations, and passed through parliament the State-Owned Enterprises Act, which corporatised se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned Enterprises
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Exchange Market
The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: USD 1 is worth X CAD, or CHF, or JPY, etc. The foreign exchange market works ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goods And Services Tax (New Zealand)
Goods and Services Tax (GST) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. Because it is broad-based, it collects 31.4% of total taxation, making New Zealand the highest taxed country in the OECD in terms of sales tax as a proportion of GDP. The rate for GST effective since 1 October 2010 is 15%. This 15% tax is applied to the final price of the product or service being purchased and goods and services are advertised as GST inclusive. Reduced rate GST (9%) applies to hotel accommodation on long term basis (longer than 4 weeks). Zero rate GST (0%) applies to exports and related services; financial services; land transactions; international transportation. Financial services, real estate, precious metals are exempt (0%) Background GST was introduced b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Subsidies
An agricultural subsidy (also called an agricultural incentive) is a government incentive paid to agribusinesses, agricultural organizations and farms to supplement their income, manage the supply of agricultural commodities, and influence the cost and supply of such commodities. Examples of such commodities include: wheat, feed grains (grain used as fodder, such as maize or corn, sorghum, barley and oats), cotton, milk, rice, peanuts, sugar, tobacco, oilseeds such as soybeans and meat products such as beef, pork, and lamb and mutton. A 2021 study by the UN Food and Agriculture Organization found $540 Billion was given to farmers every year between 2013 and 2018 in global subsidies. The study found these subsidies are harmful in numerous ways. In wealthy countries, they damage health by promoting the overconsumption of meat. In under-developed countries they encourage overconsumption of low-nutrition staples. Subsidies also contribute to the climate crisis, by encouraging def ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990 New Zealand General Election
The 1990 New Zealand general election was held on 27 October to determine the composition of the 43rd New Zealand parliament. The governing Labour Party was defeated, ending its two terms in office. The National Party, led by Jim Bolger, won a landslide victory and formed the new government. Background The Labour Party had taken office after defeating the National Party under Robert Muldoon in the 1984 election. David Lange became Prime Minister and Roger Douglas became Minister of Finance. The economic program outlined by Douglas was deeply unpopular with Labour's traditional supporters, however — deregulation, privatisation, and free trade, all opposed by the party's more left-wing members, were a key part of the so-called " Rogernomics" platform. This internal dissent was off-set somewhat by new social legislation and a strong stance against nuclear weapons. Labour was re-elected in the 1987 election with its parliamentary majority untouched, but the internal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ANZUS
The Australia, New Zealand, United States Security Treaty (ANZUS or ANZUS Treaty) is a 1951 non-binding collective security agreement between Australia and New Zealand and, separately, Australia and the United States, to co-operate on military matters in the Pacific Ocean region, although today the treaty is taken to relate to conflicts worldwide. It provides that an armed attack on any of the three parties would be dangerous to the others, and that each should act to meet the common threat. It set up a committee of foreign ministers that can meet for consultation. The treaty was one of the series that the United States formed in the 1949–1955 era as part of its collective response to the threat of communism during the Cold War. New Zealand was suspended from ANZUS in 1986 as it initiated a nuclear-free zone in its territorial waters; in late 2012, New Zealand lifted a ban on visits by United States warships leading to a thawing in tensions. New Zealand maintains a nuclear- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Zealand Nuclear-free Zone
In 1984, Prime Minister David Lange banned nuclear-powered or nuclear-armed ships from using New Zealand ports or entering New Zealand waters. Under the New Zealand Nuclear Free Zone, Disarmament, and Arms Control Act 1987, territorial sea, land and airspace of New Zealand became nuclear-free zones. This has since remained a part of New Zealand's foreign policy. The act prohibits "entry into the internal waters of New Zealand 12 nautical miles (22.2 km, statute miles) radius by any ship whose propulsion is wholly or partly dependent on nuclear power" and bans the dumping of radioactive waste into the sea within the nuclear-free zone, as well as prohibiting any New Zealand citizen or resident "to manufacture, acquire, possess, or have any control over any nuclear explosive device."New ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roger Douglas
Sir Roger Owen Douglas (born 5 December 1937) is a retired New Zealand politician who served as a minister in two Labour governments. He became arguably best known for his prominent role in New Zealand's radical economic restructuring in the 1980s, when the Fourth Labour Government's economic policy became known as " Rogernomics". Douglas served as a Labour Member of Parliament from 1969 to 1990. During his time as Minister of Finance (1984 to 1988), the government floated the New Zealand dollar, introduced corporate practices to state services, sold off state assets, and removed a swathe of regulations and subsidies. Some Labour Party supporters regarded Douglas's economic policies as a betrayal of Labour's left-wing policy-platform, and the moves became deeply unpopular with the public and with ordinary party members. His supporters defended the reforms as necessary to revive the economy, which had been tightly regulated under National's Muldoon (Minister of Finance from 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rogernomics
In February 1985, journalists at the '' New Zealand Listener'' coined the term Rogernomics, a portmanteau of "Roger" and "economics" (by analogy with "Reaganomics"), to describe the neoliberal economic policies followed by Roger Douglas. Douglas served as Minister of Finance (1984–1988) in the Fourth Labour Government of New Zealand of 26 July 1984 to 2 November 1990. Rogernomics featured market-led restructuring and deregulation and the control of inflation through tight monetary policy, accompanied by a floating exchange-rate and reductions in the fiscal deficit. Dalziel, Paul in Easton, Brian ed ''The Making of Rogernomics'' Auckland University Press 1989 p. 53 Douglas came from a background of Labour Party politics. His adoption of policies more usually associated with the political right (or New Right), and their implementation by the Fourth Labour Government, became the subject of lasting controversy. Douglas and the development of economic policy, 1969–1983 Do ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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