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Abstract
New Zealand undertook major
adjustments in their macro economic
policies in the 1980s. As
part of a larger program to place
greater reliance on market forces,
agricultural subsidies were
reduced sharply.
The New Zealand experience
demonstrates how broad economic
policies can adversely affect
the agricultural sector. It also
demonstrates that inequities can
arise if protection for some industries
are continued while other
sectors are exposed to liberalized
policy reforms.