New Zealand Essay

New Zealand is often noted for two things: sheep and its incredibly beautiful landscapes. Film producer Peter Jackson capitalized on the natural beauty of New Zealand and has used the land to film two massively successful movie trilogies, both The Hobbit and The Lord of the Rings. In fact, tourism is a very large and profitable market in New Zealand. However, there is so much more to New Zealand than what meets the eye. For example, New Zealand is one of the top five dairy exporters in the world. The lands are not only beautiful, but also very fertile. Combined with an agreeable climate for agriculture New Zealand is able to capitalize on profits from a booming agricultural economy through pastoral, forestry and horticulture activities. In fact, around half of all goods that are exported out of New Zealand are agricultural commodities from New Zealand. Efficiency in agriculture is also combined with a sizeable manufacturing and service sector as well as significant growth in high-tech capabilities. According to New Zealand Now’s web page titled “Economic Overview” what is driving this economic growth and success is an openness to trade as well as well defined regulations regarding economic activity. The Commerce Act of 1986 as well as New Zealand’s involvement with APEC (Asia Pacific Economic Cooperation) are a few examples of how the island economy of New Zealand can provide citizens both nationally and internationally with an assortment of goods and services.

The economy of New Zealand is incredibly well developed with many goods and services available. Citizens of New Zealand enjoy many benefits of the success of their economy with a comparatively high standard of living. The economy is primarily privately owned and the nati...

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...1986 in specific proved to be a game changer for the New Zealand economy. By setting specific guidelines for trade as well as deregulating various sectors of the economy New Zealand was able to successfully integrate itself into the global trading network. Since then the government of New Zealand has enacted more policies like the Consumer Guarantees act of 1993 and the Fair Trade Act of 1986 to further improve the country’s economic performance. APEC has also proved to be invaluable for New Zealand, as through that organization the country has been able to develop strong trade relations with countries around the world. Despite financial crises around the world New Zealand’s government and economy has proved itself capable of adapting to the globalization that is occurring due to the rise of technological innovation and will no doubt continue to do so in the future.