New Zealand in 2003
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Case Code: ECOA108 Case Length: 12 Pages Period: 2003 Pub Date: 2003 Teaching Note: Not Available |
Price: Rs.300 Organization : - Industry : - Countries : New Zealand Themes: - |
Abstract Case Intro 1 Excerpts
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 population. 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). 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 world...
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