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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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
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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.
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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...
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