Files
Abstract
The deregulation of dairy marketing that occurred on 1 July 2000 is a fascinating
case study in microeconomic reform. The role of interacting industry and institutional
features in the movement to deregulation is explained, with political realities being
recognised. A key part of the deregulation bundle was an unprecedented “structural
adjustment” package valued at about one and a half billion dollars (in
1998–1999). Questions are raised about the rationale for this package, the process of
determining it and the means of funding it.