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1. From crisis to crisis to elections For the scholar of crisis leadership, the New Zealand Government’s response to the 2008–09 global financial crisis represents a distinct and interesting case study. The combination of three characteristics in particular renders it unique. First, New Zealand’s small, open economy is heavily dependent on trade, particularly in agricultural products; consequently, even in the best circumstances, it is hopelessly vulnerable to the vagaries of commodity prices in the international economy. Second, when the crisis hit New Zealand it was already in the grip of a home-grown economic downturn, attributable to a severe drought and a slowing of the housing market. Finally, the occurrence of the crisis immediately before a general election, on 8 November 2008, ensured that attempts by leaders to interpret economic events were intensely politicised and contested.

New Zealand: electoral politics in times of crisis