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Due to the high demand for these primary products, manifested by the New Zealand wool boom of 1951, New Zealand had one of the highest standards of living in the world for 70 years. [ 34 ] In the 1960s, prices for these traditional exports declined, and in 1973 New Zealand lost its preferential trading position with the United Kingdom when the ...
New Zealand has a disadvantage in export manufacturing due to its small population, isolated location, and high costs. Therefore, the majority of manufacturing is for the domestic markets, with the majority of exported manufactured goods being large-scale commodities (e.g. meat and dairy), high-value innovative products, and products targeting ...
Auckland CBD contains New Zealand's largest concentration of multi-story commercial buildings and businesses The Kinleith Mill, part of the forestry sector in New Zealand The Tiwai Point Aluminium Smelter, opened in 1971. This is a list of notable companies based in New Zealand, a country in Oceania.
This is a list of the largest two-way trading partners of New Zealand, based on data released by the Statistics New Zealand for the 2023 calendar year. [1] [2] [3] [4]
Map of New Zealand. The economic history of New Zealand dates to before European colonisation of the country. By the 20th century, it had become one of the most globalized economies in the world, relying heavily on international trade with developed countries including Australia, Canada, China, European Union, the United States, Japan, and South Korea.
New Zealand is unique in being the only developed country to be totally exposed to the international markets since subsidies, tax concessions and price supports for the agricultural sector were removed in the 1980s. [4] However, as of 2017, the New Zealand Government still provides state investment in infrastructure which supports agriculture. [5]
Public sector organisations in New Zealand comprise the state sector organisations plus those of local government. Within the state sector lies the state services , and within this lies the core public service.
The first shipment of refrigerated meat on the Dunedin in 1882 led to the establishment of meat and dairy exports to Britain, a trade which provided the basis for strong economic growth in New Zealand. [242] High demand for agricultural products from the United Kingdom and the United States helped New Zealanders achieve higher living standards ...