by Adam Starchild

New Zealand has always been a natural wonder. Sired by volcanoes in the middle of an emerald sea, the land is a mixture of pastures, jagged mountains, white beaches, and tropical forests. Economically, the country is no less a marvel. It's an excellent example of how free markets create prosperity.

In 1984, New Zealand voters booted a left-leaning government and brought in a free-market-oriented government. Immediately, finance minister Sir Roger Douglas began to implement some of the most important reforms in any country of the 20th century.

Sir Douglas floated the currency, revoked all farm subsidies, abolished all import tariffs, privatized 60% of state-owned companies, fired 55% of the government workforce, placed the central bank chairman on a performance contract, revoked capital gains and inheritance taxes, and refused to print money to save reckless banks and inefficient companies from bankruptcy.

The results have been astounding. New Zealand now has one of the lowest inflation rates in the world (1.3%), seven consecutive years of budget surpluses, 6.4% unemployment (down from 12%), and a resilient, entrepreneurial economy that soared 5.8% last year.

It's the kind of country, in other words, where you can build a second home to enjoy the good life -- and end up making a fortune almost by accident as the value of the property you buy rises amidst a booming economy.

5 1/2 x 8 1/2 168 pages

New Zealand Immigration Guide
Price $10.95