New Zealand used to have free from corruption stable democratic political system which creates a superior government supported environment for a range kind of business. (Pears Trust, 2012) It welcomes new investors and helps New Zealand businesses smoothly operate, grow, plan for the future and be flexible in local and international market. Nevertheless, government still has intervention which positively or negatively influencing on New Zealand business. From the latest news there is ongoing discussion in Treasury of New Zealand about to set up a new rule for the Auckland’s mortgage market by new loan-to-income scheme asking a minimum 30 percent of down payment due to purchasing property (Nichols, 2015). First of all it will scare away investors from off shore. Also New Zealand’s real business fill face downturn from negative effect of new restrictions as well as local banks is about to face loss of customers. However, in long term new policy will help to turn Auckland’s heated housing prices into positive way.
B. Economical.
New Zealand has a developed economy focused on export and import of goods and services based on market openness and free trade with strong protection of property and intellectual property rights. New Zealand is a member of WTO and APEC. Additionally, country currently ranked as a 3rd among entire world with the finest and freest economic environment according to the index score 82.1 out of 100 for the 2015. (The Heritage Foundation, 2015) What’s, more indicators such as unemployment rate of New Zealand is 5.4. Moreover, inflation rate is just 1.2 percent then country ranked 8th out of 120 according to GDP per capita around the world (New Zealand Government, 2015). So all these positive factors together lead...
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...t coast on the south island will be most affected by El Nino already suffering from the dryness for twelve months which can cause a loss of harvest and business itself. Valuable commercial sorts of fish usually dwelling in cold water will migrate from shores so New Zealand’s fishing industry is about to experience difficulties. More dryness and stronger wind on south island generated from El Nino phenomenon could lead to enormous wildfire and destroy huge amount of valuable sorts of wood and plants which can cause lots of troubles for local forestry industry. On the other hand El Nino weather patterns could have a very positive effect on businesses operating in tourism industry in New Zealand. Big waves, dry and warm weather with plenty of sunny days will bring larger amount of tourists this coming summer where all tourist agencies will benefit from it. (Trask, 2015)
Though the events of the past certainly have a direct influence on the world today. The ardent relationship that lies between Canada and the Netherlands can be referenced to the pretentious days nearing the end of the Second World War. Where Canada had played a significant role as liberators in Holland during this misfortunate time. Canada had provided the Dutch Royal Family with a safe haven. Canadians fought battles through France, Belgium, the Scheldt, and Germany before being sent back to the Netherlands.
The new millennium brought with it a housing boom which had reached an unsustainable level (Pollock, 2011). Housing prices grew rapidly, and Baker (2010) noted a rise in house prices of over 70% from 1995 to 2006. For example, he noted average home prices in Los Angeles rose more than $400,000 over the period of 1995 to 2006 and approximately $519,000 in San Francisco. Prices around the country increased substantially as well (Baker, 2010). To encourage homeownership, banks promoted creative financing options (i.e. adjustable rate, interest only,...
“The housing market will get worse before it gets better” –James Wilson. The collapse of the United States housing market in in 2008 was one of the most devastating moments for the world economy. The United Sates being arguably the most important and powerful nation in the world really brought everyone down with this event. Canada was very lucky, thanks to good planning and proper preventatives to avoid what happened to the United States. There were many precursor events that occurred that showed a distinct path that led to the collapse of the housing market. People were buying house way out of their range because of low interest rates, the banks seemingly easily giving out massive loans and banks betting against the housing market. There were
As humans, every aspect of our life is reliant on the natural environment, whether it’s the food we eat, the air we breathe, the water we drink, the clothes we wear or the products that are made and sold to create jobs and drive the economy. While Australia’s large agriculture industry may save us from running out of food, global shortages will drive up the price of staples making a trip to the supermarket more expensive. The increased frequency and severity of heatwaves may lead to death and illness, especially among the elderly. Higher temperatures and humidity could see increased mosquito-borne diseases in Aus. Climate change will affect our lifestyle in many ways such as; we will experience more extreme weather events more often, global politics will become unstable, our travel plans will change and some more. Climate change at a basic level will affect our food, health and leisure. Many people could also face war, starvation or losing their
The international factors include the geography, population, economy and the structure of international alliances. The interaction shaped by the governmental factors are the characteristics of the political and bureaucratic institutions are responsible for producing policy decisions. Finally, the local levels, the domestic societal interests in foreign policy outcomes from commercial interests to humanitarian and environmental public interests. Australia is more powerful than the largest of the Pacific islands. However, the islands’ reliance to Australia is the trade and aid which makes them particularly vulnerable to Australian foreign policy. New Zealand plays an important role in Australia’s relationship with the Pacific region. Social, political and economic wise, New Zealand has much in common with Australia and shares similar interests in stabling Pacific island
This economic growth continued to increase through ‘98 and ‘99, partly being attributed to the weakening Australian dollar that allowed for the opening up and increasing market shares held by Australian exports on world markets. This was the case, as the reduction in the Australian dollar’s value, triggered decreases in the prices of our exports for foreign buyers, thereby increasing demand for our products and increasing the amount of money and investments coming into Australia. This therefore resulting in the aforementioned increases economic growth when combined with the high levels of employment and consumer confidence.
INTRODUCTION : a brief overview of the current situation regarding the security issue in the Pacific region
The Torres Strait Islands are a group of 200 islands and coral cays. The islands span an area of with a total land area of . The Torres Strait islands straddle the waters between mainland Australia and Papua New Guinea and has a width of 150km from Cape York to Papua New Guinea. Indigenous inhabitants of the Torres Strait Islands are known as Torres Strait Islanders who are ethnically Melanesian people.
Countless of years ago a great mountain range stretched north from what is now the topmost coast of South America, the range was in a constant state of upheaval, lashed by continuous rains, swept by storms, with fire spouting from every peak finally the mountains dropped beneath the sea, quieted most of the volcanoes. The exposed peaks were covered with verdure of fantastic beauty, and left these peaks above the sea to form the chain of West Indian islands as we know today. Although they were islands surrounded by the Caribbean Sea, and are nowhere near Asian India, they were still considered the West Indian islands. Then why the concept of West Indian, we ask? Christopher Columbus, who discovered these islands, can surely explain why he gave such a name to islands that were never Indian descent.
A proportion of these visitors are 96% ‘likely’ to recommend New Zealand in future, this has remained unchanged. USA, UK and Germany are most satisfied with their New Zealand Holiday experience. It has been observed that Japanese travellers are significantly more satisfied with their experience compared to past years. Visitors to New Zealand are also highly satisfied with the natural environment. It has been rated a high 9.0 out of ten and receives this high rating across all markets. With 78% believing New Zealand’s environmental practices are better than other countries. It has been found that experiencing natural scenery is a favourite amongst visitors to New Zealand. A decrease has been observed in the past year however, in the average number of activities being participated in, dropping 6.5% in the last year. Price has been seen as a problem in the current state of tourism results, it has been driven by lower satisfaction with price over quality. This has been especially so in the accommodation and food and beverage sector. Both of these are rated as high importance to visitors attributing 29% to the New Zealand holiday experience. Looking more into these sectors it has been observed that food and beverage has rated 8.1 out of ten and accounts for 10% of importance to the New Zealand holiday experience. The quality of food
Both Australia and New Zealand have different values, laws, institutional frameworks and cultural traditions. Although it is important that all Indigenous traditions and values can be recognised.
Just to the northeast of the Australian northern coastline, lies a series of islands that construct what is referred to as the “Melanesia sub-region”. The tropical marine water of the Carol Triangle surrounds the Melanesian sub-region, and it extends from the eastern border of the island of New Guinea in the northeast, stretching to the southeast corner to include Fiji, Vanuatu, and the Solomon Islands. Consequently, the Melanesian sub-region features some of the most enduring-undiscovered landscapes of our modern times. In the heart of the Melanesian sub-region sits the world’s second largest island – New Guinea. The eastern portion of the island of New Guinea along with the islands of Bougainville, New Britain, and New Ireland describe the geographic-borders of the Country of Papua New Guinea (PNG). PNG is located along the tropical geographic region of the Pacific Ring of Fire between 0o and 12o latitudes, where it receives rainfalls that range between 950 and 10,000 mm per annum (map). This equatorial location along with favorable natural and anthropogenic conditions allowed for a great number of astounding diversity of terrestrial vegetations to evolve and dictate PNG’s landscape. PNG’s landscape is dominated by multiple ecological formations, primarily forests that cover 78% of the total land area. Furthermore, the diversity of PNG’s terrestrial vegetations starts with beach grasses, on coastal lines, moving inland towards lowland tropical forest, and ending mountaintops alpine forests (table).
We live on an incredibly large planet. Even broader than the size of the planet are the amount of changes and relationships between humans, animals, environment, weather, and the effects of each. Many times with busy schedules and modern lifestyles we forget the interaction that goes on between any number of concepts or ideas. We fail to realize that a specific weather occurrence in the Pacific Ocean can have an effect on every day life in the United States. El Nino is one of the largest scientific phenomenons that scientists have ever explored. The main concepts of El Nino are very simple and there are many variations, causes, affects, and relationships to study.
If New Zealand is to see more growth in tourism we must try and make the country more attractive to visit. More flights, low visa requirements, favorable exchange rates are all facilitators that will make New Zealand more appealing. With a high level of promotions overseas that will motivate tourists to think of our country as a destination which will be able to satisfy their needs.
In the world, climate change is becoming more apparent that it is causing flooding, landslides and extreme temperatures. It is affecting the wildlife, human and the nature. Because of the change in climatic condition, in different nations, summer periods could be extended or winter may be longer than usual. Dr. Viner David and Agnew Maureen (11-14 January,2000,) comment that the impacts of climate change on tourism are likely to manifest themselves in a number of different ways according to local conditions. The most serious impacts will result from the effects of sea level rise on small island states and low lying coastal resorts.