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j.K: Vichy Limited: Changing an Economy by Changing its Public Sector Page 9 <br /> They have come to see what the OECD has described as the most comprehensive reform <br /> package of any country outside the Eastern Bloc. New Zealand has moved from being one of <br /> the most regulated and controlled developed economies to one of the freest. The Heritage <br /> Foundation13 has reported that only Hong Kong, Singapore and Bahrain have greater <br /> economic freedom than New Zealand; placing it ahead of Switzerland, the Netherlands, the <br /> US, the UK and Japan. The 1995 World Competitiveness Report rated New Zealand as the <br /> eighth most globally competitive economy, sixth in the OECD (up from eighteenth in 1991). <br /> The Economist14 has described New Zealand as having "probably the best monetary and <br /> fiscal policy framework anywhere in the world". <br /> Of the overall reforms, the WaII Street Journal has said - <br /> this tiny faraway democracy began its break from Limp socialism. It was the <br /> most ambitious assault of any Western nation on the system of entrenched <br /> privileges that made an elite rick and resulted in reduced opportunities for <br /> everyone else <br /> Washington, DC. <br /> <br /> 7 October 1995. <br /> <br />