In the early 1990s, the New Zealand government started publishing a balance sheet and operating statement, using private sector accounting and reporting. These reports --the first such sovereign accounts anywhere-- typify reforms instituted across government trading operating, departments, and...

New Zealand's reforms of economic policy and public sector management systems have attracted international attention. Beginning in 1984, the country adopted a comprehensive and vigorous program of macroeconomic adjustment that involved redefining the state's role in the economy and social...

Does New Zealand's success story have lessons for developing countries contemplating public sector reform? That question usually elicits one of two reactions, both inadvisable in the authors' view. The first reaction is to be impressed with the efficacy of the reforms and conclude that they...

New Zealand's reforms of economic policy and public sector management systems have attracted international attention. Beginning in 1984, the country adopted a comprehensive and vigorous program of macroeconomic adjustment that involved redefining the state's role in the economy and social...