Rogernomics (a portmanteau of Roger and economics) were the neoliberal economic reforms promoted by Roger Douglas, the Minister of Finance between 1984 and 1988 in the Fourth Labour Government of New Zealand. 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.[1]
During the early 1980s, Douglas transitioned from a traditional Labour politician advocating for economic interventionism to a proponent of neoliberal economics. After the Labour Party won government in 1984, Douglas and his associates implemented major policies including a 20% devaluation of the dollar, corporatisation of state-owned business, removal of subsidies to industries (particularly agricultural subsidies), reduction of tariff protection, and a significant overhaul of the tax system. Tax cuts were implemented, and a Goods and Services Tax (initially set at 10%) was introduced.
Rogernomics represented a sharp departure from the post-war political consensus that emphasised heavy interventionism, protectionism, and full employment. Instead, it embraced principles of small government, balanced budgets, and free market policies influenced by the Chicago school of economics. Douglas' 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.
While proponents argued that Rogernomics brought about positive changes such as single-digit inflation and reduced tax rates, critics highlighted social challenges, including rising poverty and unemployment. The legacy of Rogernomics continues to shape discussions on economic policy in New Zealand.
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Dalziel, Paul in Easton, Brian ed The Making of Rogernomics Auckland University Press 1989 ISBN 1-86940-041-0 p. 53
Rogernomics (a portmanteau of Roger and economics) were the neoliberal economic reforms promoted by Roger Douglas, the Minister of Finance between 1984...
and reform of the tax system). The economic reforms became known as "Rogernomics", after Finance Minister Roger Douglas. According to one political scientist:...
governments engaged in major macroeconomic restructuring (known first as Rogernomics and then Ruthanasia), rapidly transforming New Zealand from a protectionist...
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
In 1991 she completed a PhD from the University of Auckland, titled Rogernomics and the Treaty of Waitangi: the contradiction between the economic and...
Douglas, the Minister of Finance. These reforms, sometimes known as "Rogernomics", involved monetarist approaches to controlling inflation, corporatisation...
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
by Labour Party Finance Minister Roger Douglas and popularly known as Rogernomics, centred on the privatisation of state assets and on the removal of tariffs...
successor, the fourth National government. The reforms (sometimes called Rogernomics) made by these governments severely weakened the power of unions, removed...
Minister of Finance in the new government. These reforms were soon dubbed 'Rogernomics', in a similar vein to Reaganomics. Upon coming to office, Lange's government...
economies in the OECD. In a process often referred to in New Zealand as Rogernomics, successive governments introduced policies which dramatically liberalised...
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
interventionist policies of the Third National Government were replaced by Rogernomics, a commitment to a free market economy. Foreign policy after 1984 became...
when the Fourth Labour Government's economic policy became known as "Rogernomics". Douglas served as a Labour Member of Parliament from 1969 to 1990....
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
Reaganomics in the United States, economic rationalism in Australia and Rogernomics in New Zealand and as a key part of the worldwide economic liberal movement...
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
Fourth Labour Government. Douglas' neoliberal economic policies, dubbed Rogernomics, transformed New Zealand's economy from a protectionist one into a free...
was revived in the late 1970s, but collapsed after New Zealand adopted Rogernomics and removed privileged market access. A tourism boom began in the early...
and contemporary history Wool boom Māori protest movement Think Big Rogernomics Nuclear-free zone Foreshore and seabed controversy Christchurch national...
and Richard Prebble were leading the party down a right-wing track (Rogernomics). Traditional Labour members resisted but were outnumbered and Sutherland...
Thatcherism Third Way New Democrats Positive non-interventionism Reaganomics Rogernomics Economic liberalization in India Governance Association of Southeast...
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