Economy of New Zealand
The United States and New Zealand established close ties in 1942, when the U.S. provided security for New Zealand during World War II, and have remained close ever since. However, in 1984, the Labour party came into power in New Zealand, with intentions to bar nuclear-armed and nuclear-powered warships from New Zealand ports. Implementation of this anti-nuclear policy was incompatible with U.S. policy and disrupted the alliance under the Australian, New Zealand, and United States (ANZUS) security treaty of 1951. After unsuccessful attempts to remedy the issue, the United States suspended its ANZUS security obligation to New Zealand in 1986. Despite the rupture in the ANZUS alliance, New Zealand has maintained close political, economical, and social ties with the United States. In trade, the U.S. is New Zealand second-largest supplier and customer after Australia. Trade between the two countries totaled $3.5 billion (with a $300 million surplus in the favor of the U.S.) in 1996; U.S. merchandise exports were $1.9 billion. U.S. foreign investment in New Zealand that same year totaled $4.8 billion, and was largely concentrated in manufacturing, forestry, telecommunications services, and finance. The two countries have also
1) The increase of privatizations through the sale of government-owned enterprises. http://www.stats.gov.nz New Zealand Official Yearbook on the Web. -New Zealand currently has one of the lowest inflation in the industrial world-1.1%. This is down more than 18 percentage points from the rate in 1987. http://www.cia.gov/cia/publications/factbook/nz.html The World Factbook 1999, New Zealand. CIA. -In 1998 exported about $12.9 billion worth of goods, the majority being wool, meat, fish, dairy products, chemicals, forestry products, fruits and vegetables, and manufactured products. In the same year, the country only imported $13 billion worth of goods, consisting mainly of machinery and equipment, vehicles and aircraft, petroleum, consumer goods, and plastics.
Some common words found in the essay are:
Western European, Currently Zealand, Framework Agreement, Elimination Government, Economic Cooperation, United ANZUS, Australia Trade, Currently NZ$, War II, Dollar Dollars, trade investment, free trade, labour party, zealand currently, capita gdp, zealand dollar, anzus security,
Approximate Word count = 953
Approximate Pages = 4 (250 words per page double spaced)
|
