TY - JOUR
AU1 - Hamilton, Robert T.
AU2 - Dana, Leo Paul
AB -  by Robert T. Hamilton and Leo Paul Dana Major liberalization during the early 1980s transformed New Zealand into one of the most open and deregulated economies in the world. Yet the country’s lack of technology-based industries made it difficult for the nation to maintain its place among the leading group of Organization for Cooperation and Development (OECD) countries. There is a need to transform the economy again, away from its dependence on agricultural commodities and toward a greater reliance on modern, knowledge-based businesses. With many of the larger enterprises now owned and controlled from overseas, this transformation will require a major contribution from the country’s small business sector. In May 2001, the government implemented a policy to encourage entrepreneurship, with a fund of $100 million—a substantial budget for a nation with a population of 3.8 million. New Zealand’s business is small business, both in terms of numbers and ownership. The latest figures for 1999 confirm that 86 percent of its 259,000 businesses have five or fewer employees (Statistics New Zealand 2000). The government officially has redefined these as micro businesses (Statistics New Zealand 1999), and these firms account for approximately 27 percent of the employment in this country. 
TI - An Increasing Role for Small Business in New Zealand
JF - Journal of Small Business Management
DO - 10.1111/1540-627X.00090
DA - 2003-10-01
UR - https://www.deepdyve.com/lp/wiley/an-increasing-role-for-small-business-in-new-zealand-I5dGXMK50k
SP - 402
VL - 41
IS - 4
DP - DeepDyve
ER -