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Social Democracy in Neoliberal TimesThe Left and Economic Policy since 1980$
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The Late Andrew Glyn

Print publication date: 2001

Print ISBN-13: 9780199241378

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199241378.001.0001

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Social Democracy and Market Reform in Australia and New Zealand

Social Democracy and Market Reform in Australia and New Zealand

(p.80) 4 Social Democracy and Market Reform in Australia and New Zealand
Social Democracy in Neoliberal Times

John Quiggin

Oxford University Press

In this chapter, the issues and propositions of social democracy are discussed using three decades of political and economic analysis seen in Australia and New Zealand. Elaborations start with the achievements, shortcomings, problem-solving actions, and other notable contributions of the Fraser and Muldoon administrations in the multifaceted development of Australia and New Zealand, respectively. Attempts to improve the organisational structure and policy implementation abilities of both countries required the adoption of a laissez faire type of transformation applied in the market economy. Deregulation proposals elicited different results: the Australian's labour market benefitted (that is, acquiring a ‘shift to the right’ in the demand and supply curve), while the New Zealand community encountered political turmoil and foreign exchange problems.

Keywords:   social democracy, Australia, New Zealand, Fraser, Muldoon, free market, deregulation

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