Concept

Rogernomics

Summary
Rogernomics were the neoliberal economic policies promoted by Roger Douglas, the Minister of Finance (1984–1988) in the Fourth Labour Government of New Zealand of 26 July 1984 to 2 November 1990. 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. Douglas came from a background of (left-wing) Labour Party politics. His 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. Etymology In February 1985, journalists at the New Zealand Listener coined the term Rogernomics as a portmanteau of Roger and economics. It echoes "Reaganomics", similar neoliberal economic policies promoted by United States President Ronald Reagan in the 1980s. Douglas and the development of economic policy, 1969–1983
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