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Governments, Firms, and National Wealth: A New Pulp and Paper Industry in Postwar New Zealand

Published online by Cambridge University Press:  18 February 2015

Astrid Baker
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Abstract

The state played an important role as political and economic manager in postwar New Zealand. By fostering manufacturing, governments aimed to provide paid, productive employment, conserve foreign exchange, and support a welfare state. The history of pulp and papermaking using state-planted pine forests is a good example of a government-business joint venture to create a new export industry and new national wealth. Governments of both major political parties cooperated in capital formation, land use, hydroelectricity, roads, railroads, a modern port, and town construction. This longterm state commitment helped propel the industry toward largescale vertical integration so that it could achieve economies of scale and scope and compete in world markets.

Type
Articles
Information
Enterprise & Society , Volume 5 , Issue 4 , December 2004 , pp. 669 - 690
Copyright
Copyright © The Author(s) 2004. Published by Cambridge University Press on behalf of the Business History Conference. All rights reserved.

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