Roger Kerr, New Zealand Business Roundtable Executive Director
Recently the Treasury released a December 2010 paper Short History of Post-Privatisation in New Zealand, written by John Wilson, an experienced former Treasury official.
It records in a balanced and objective way the history of nine major privatisations by central and local governments. The companies surveyed are Ports of Auckland, Bank of New Zealand, Air New Zealand, Auckland International Airport, Telecom, Tranz Rail, Trustpower, Contact Energy and the Forestry Corporation.
The paper notes that
The selection of companies was intended to illustrate the issues that have arisen from privatisation. The list of companies is not comprehensive, nor is it necessarily a sufficiently robustly drawn sample to draw strong aggregate conclusions about privatisation in New Zealand. The strongest general conclusions about the merits of private rather than government ownership can be drawn from global studies with much bigger samples.
Not covered are many of the other 20 plus privatisations that would…
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