The Problems and Possibilities of Improvement of The New Zealand Economy

New Zealand. It is an island in Pacific Ocean. It has sovereignty states that are divided in two main zones-the North Island and South Island as well as around 600 smaller islands. It is located in the east of Australia. Because of its approachability, it is the last land that is settled down by humans. The capital city of New Zealand is Wellington and Auckland is the largest city because it is most populated area of it. The main language is English.

It is an advanced country and it stands high ranks in international evaluations of national performance such as quality of life, health, education and economic freedom. An international tourism is a significant source of income. In the south and southwestern parts, it has cooler and cloudier climate and in the northern parts, it is the sunniest areas of the country. The generally snow season is early June until early October. Snowfall is common in the eastern and southern parts of the South Island and mountain areas across the country. There some forests are lost after human arrived, with around half the forest cover lost to fire after Polynesian settlement. Much of remaining forest chop after European settlement, being cleared for farming.

Economic geography is the main factor in New Zealand’s poor productivity performance. Low labor production is only relatively explained by the industry work of the NZ budget and it is mainly an important nonstop low multi-factor productivity growth within industries, as well as weak project. The small size and approachability of the economy reduce its access to global markets, the balance and efficiency of domestic businesses, the level of struggle, and the ability of benefit from invention at the international edge.

There is a number of area where there is possibility of improvement that would help compensation the country’s physical disadvantages and recover the prosperity of New Zealand over the coming decades. I think that it is done by sponsoring international connections, removing risks to fixed investment that includes taxation. It also includes development in new planning and policies, occupation policy, Economic development, new inventions, changes in Technology. If we make relation with other countries, we have to chance to enhance the knowledge about other new technologies, things, ideas. Moreover, if we create new occupational policies it is very benefitted for our countries’ people, who doing jobs in different sections.

The country tries to doing new innovations in different sectors, as they increase the productivity as well as they give more occupation to beings. They must try promote their product through affective and idea-based advertising.