Business and economics in New Zealand

A de-regulated New Zealand economy offers market advantages for business education.

New Zealand is an advantageous study destination for business and economics qualifications. Its highly developed economy, founded on a skilled, educated workforce and an abundance of natural resources, offers a study environment rich in business and commercial activity.

As an island nation, New Zealand lives by its export earnings - an imperative that drives a high level of enterprise and innovation. In addition, its physical distance from the world’s large trading blocs instils a competitive drive that has given Kiwis ‘business smarts’ way out of proportion to the country’s size and performance expectations that might be connected to size. For example, in 1999 a New Zealander, former Prime Minister Mike Moore, was elected head of the World Trade Organisation, and in 2008 New Zealand became the first OECD country to sign a free trade agreement with China.

It’s a busy little country that supports business, commercial and economic activity and recognises the importance of education as the foundation for on-going growth 
and achievement.

Business and economics in New Zealand

“You will feel part of the international community because New Zealand is a highly internationalised society”

New Zealand’s economy is market-based and export-led, and displays strong competitive advantages in economic activity. It is a de-regulated economy with a floating currency and its primary industries have drawn worldwide interest in their ability to produce at an internationally competitive level without subsidies. New Zealand farmers show the world how it can be done. For students from countries where government support for primary production is a way of life, the atmosphere in New Zealand provides a breath of fresh air.

"New Zealand scores very highly in international comparisons of policy integrity and transparency. This means that it is very easy for students to access applied examples of material they study," says Professor of Economics Paul Dalziel, of Lincoln University.

"New Zealand’s economy is not large, cumbersome, and impenetrable, overlaid with labyrinths of bureaucracy. It is easy for students to see how principles are applied and how the business world operates."

Endorsements from international graduates support the claim that you will enjoy studying business and economics in New Zealand. At its tertiary institutions, research units and 
staff can have a direct influence on debates and discussions that eventually lead to government policy formulation. Alumni become power brokers. Kiwi connections reach far. The voice of New Zealand resonates even in the corridors of Strasbourg, Brussels and Westminster.

"You will feel part of the international community because New Zealand is a highly internationalised society," says Lincoln University Commerce Faculty Dean, Dr Patrick Aldwell.

"A significant aspect of this internationalisation is that New Zealand has strong connections with trading partners. For example, in 2009 one of its numerically largest Free Trade Agreements was signed when, with Australia, it joined the regional ASEAN block of 
ten countries."

Being in the Southern Hemisphere, New Zealand has its seasons at the opposite time of the year to the Northern Hemisphere, but even this works to its economic advantage. Kiwi primary producers involved in the global trading of seasonal goods can successfully penetrate off-season northern markets.

In terms of digital technology, New Zealand is a sophisticated society to the extent that it is common for global technology companies to test new products in New Zealand ahead of worldwide release.

All in all, studying business and economics in New Zealand has many advantages, including giving you a window to tomorrow’s world.

Written by Professor Paul Dalziel (2011)
Lincoln University (New Zealand)

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