New Zealand in 2003


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Case Details:

Case Code : ECOA108
Case Length : 12 Pages
Period : 2003
Organization : -
Pub Date : 2003
Teaching Note :Not Available
Countries : New Zealand
Industry : -

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Please note:

This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

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Although the world economy had a poor 2001, the New Zealand economy was sustained by strong consumer-spending growth and helped by high prices for its exports and by a weak exchange rate.

- The Economist, 23rd May 2002

Introduction

New Zealand, though equal in size to Great Britain, had a much smaller population1. Auckland was the country's major urban center with a population of just over a million. Wellington, the capital was the next most populous, with nearly 350,000 people. 80% of the population was of European origin (Pakeha)2. More than 14% were Maoris (descendants of the original Polynesian inhabitants).

New Zealand was a democratic monarchy within the Commonwealth. Executive power was vested in the Governor General, who represented the British Crown. The legislature was a unicameral parliament with 120 representatives. Elections were held at least once every three years. The most recent election took place in August 2002.

In the past two decades, New Zealand had attracted a lot of attention from economists. Earlier, it was one of the most protected economies in the world3...

Excerpts >>

1] A Report by Ministry of Agriculture and Forestry (MAF), New Zealand.

2] 'New Zealand', http://www.worldstats.org/world/new_zealand.shtml

3] New Zealand / Economy / Overview, www.sybworld.com/views/entrytext/nz/Economic_Overview

 

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