In 1973, New Zealand's export market was reduced when the United Kingdom joined the European Economic Community and other compounding factors, such as the 1973 oil and 1979 energy crises, led to a severe economic depression.
Pada tahun 1973 pasar ekspor Selandia Baru mengalami penurunan ketika Britania Raya menggabungi Komunitas Eropa dan faktor-faktor pemberat lainnya, seperti krisis minyak 1973 dan krisis energi 1979, mengarah pada melesunya ekonomi Selandia Baru.