Historically, New Zealand has established a system of industrial relations based on the principle of collective bargaining. There, labor unions and representatives of employers negotiate minimum employment conditions. The Industrial Arbitration Arbitration Act of 1894 generally provides for determination of wages through arbitration and arbitration, awards to multiple operators, comprehensive compensation, compulsory labor union members, and mandatory arbitration. This system was useful for New Zealand nearly a century with only minor modifications.
The New Zealand Government adopted a policy of substantial deregulation between 1984 and 1995. It was originally started by Dalziel (2010), the Fourth Labor Party government in New Zealand. The purpose of this policy is to achieve economic liberalization and comprehensive coverage and innovation. Major concrete policies include establishment of independent reserve banks, variable exchange rates, financial sector reform based on accrual-based accounting, performance contracts for senior civil servants, tax neutrality, unpaid agriculture, and industry neutral competition Regulation is included. Introduction brought economic growth in 1991. New Zealand has transformed from a somewhat closed and centralized economy into one of the most open economies of OECD Evans, Grimes, Wilkinson (1996).
"Postwar agreement" was also seen as the era of New Zealand's political history, from the first New Zealand Labor government in the 1930s to the Labor party elections that were fundamentally changed after years of New Zealand Kuomintang ruled in 1984 . Like the UK, it is built on "historical compromise" between different parts of society: employment rights, health and safety of all workers are guaranteed in exchange for cooperation between unions and employers It will be. The main ideological principles of the government during this period were Keynes' economic policy, strict interventionism, economic regulation, and a very strong welfare state.
America and New Zealand established a close relationship in 1942 when the United States of America provided security to New Zealand during World War II and has maintained close ties since that time. However, in 1984, Labor held power in New Zealand with the intention of banning nuclear and nuclear warships from New Zealand ports. Implementation of this anti-nuclear policy is incompatible with US policy, weakening the Security Treaty Alliance of Australia, New Zealand and the United States (ANZUS) in 1951. After failing to solve the problem successfully, the United States suspended ANZUS 's security obligation to New Zealand in 1986.