The Silver Fern is a reflection of New Zealand’s acceptance and celebration of nature in their everyday life. It acts as an unofficial national emblem being used in lieu of various national emblems such as the Coat of Arms and the New Zealand One Dollar Coin. It is also used by various sports teams such as the Silver Ferns and All Blacks. It is a part of the New Zealand national identity and a readily identifiable symbol in New Zealand.
Agriculture is an important part of the traditional New Zealand economics. Carried out primarily by the Maoris, Agriculture was a primary occupation of the pre-European New Zealand. When the first settlers of Captain Cook arrived, the natives were willing to embrace them due to the reason that the latter would provide New Zealand with a new social and political perspective in the modern world.
The tribes of New Zealand respect their history and are firmly devout; they have a certain respect regarding agriculture. They have remained steadfast in their efforts to sustain a healthy economy and lifestyle, and religion and agriculture have been their means for attaining their goal. They were able to enhance their farming and hunting capabilities. It was not until the first settlers had arrived, that they were finally introduced to a new perspective of the need for diversity of having a new economy with foreign investors. Furthermore, they realized that they would be able to interact with traders in order to have an adequate relationship with their agricultural background.
For example, from the standpoint of a farmer, he would be able to have a new agenda from obtaining good returns on his crops which would lead to the eventual prosperity of his family. Instead of being happy with the meager returns from traditional avenues, they would have a new government which would establish a new treatment of his or her land, and bring in good and just trade and barter policies, which are necessary to sustain a beneficial economy. The merchants for example, in the 18th century, had wanted to utilize their land, not for the prosperity of New Zealand, but to use it as an import and export industry, in order to benefit from certain agricultural phenomena which were exotic to the merchants and the Europeans. Furthermore, the settlers began to realize that New Zealand could in fact be a frontier in which it could setup colonies, and treat it as if it were the British Isles.
An author explains this situation and its impact on New Zealand in its future relations with the foreign market:
‘New Zealand welcomes and encourages foreign investment without discrimination. The Overseas Investment Commission (OIC) must give consent to foreign investments that would control 25% or more of businesses or property worth more than NZ$ 50 million.’
In this respect, we can see that New Zealanders had a new inspiration with which they were to view this rise in their economy and population growth. There was also intermarriage, between natives and settlers which had promoted a new way of adapting to this society, and being able to establish relationships with foreign settlers. This is an important aspect to realize, because New Zealand would have a new diversity which played a role in providing for the proper form of education and urban planning. With regard to economics, it would establish a foundation for their land to prosper alongwith the industries which had embraced the frontier of New Zealand.
In 2007, New Zealand has experienced a rise in their population growth – for example, the increase in the number of immigrants which has been imperative, since the 18th century, for the establishment and growth of their economy. However, since the settlers’ arrival in New Zealand, the trade industry has still remained an industry which these people have used, as their main identity and asset, in establishing relationships with other foreign countries; and from these relationships, they have been able to have a new policy on New Zealand’s agenda.
We can see this agenda as a new form of understanding in the social and political stance. Yet, they have still remained aggressive in their handling of political agenda and in its relationship with foreign currency in order to better their economics. They have a different approach in analyzing the ways in which this could be interpreted. Once again, from this standpoint, we can see these people have a new agenda in which they were able to carry forth and not be hassled by the strict rigors of their economic agenda which have marred the import and export industry. In recent times, they have tried to expend their capital by including other industries which would help to establish New Zealand as a country which has a diversified revenue portfolio. Furthermore, they have still been able to handle their import and export industry, which is native to the prosperity of this island-nation.
New Zealand’s economy presently suffers from huge deficits year after year, a sure cause of concern to those who hold the reigns of this bustling economy. According to a public source:
‘The large current account deficit, which stood at more than 8% of GDP in 2000, has been a constant source of concern for New Zealand policymakers. The rebound in the export sector is expected to help narrow the deficit to lower levels’.
New Zealand still relies on to this day, on its import and export industry because of its locality. The country has been able to cultivate its land in order to raise the market value of their agricultural heritage. Author Fredrick Wood, in his book Understanding New Zealand (Wood) explains:
‘From the country’s earliest days, for instance, saw-milling has been an important industry; and many sawmill workers rarely see a town, great or small. They pursue timber in receding forests up the sides of mountains.’
We can see that New Zealanders have the advantage of having an exotic frontier, and have learned over their history to utilize their natural resources in establishing a new perspective on how to formulate their trade policy. For example, foreign relations currently is the most important aspect for their economy to maintain a proper market value, because they rely on this in order to strengthen their import industry. We can see this has an effect on the surplus of immigrants who have been able to reside in New Zealand the last ten years.
Furthermore, New Zealand has been able to sustain a new mindset in which they could be seen as establishing a healthy wave of influence in this political arena. For example, the rules and regulations on the basis of which they have been able to diversify their growth and still maintain a coherent national and international identity is indeed noteworthy, considering that there has been little room for them to have prosperity in this region.
Because of their relationships with other countries, they have been able to consider a new perspective in establishing a foreign policy. Furthermore, under these circumstances, New Zealanders have been able to have a new understanding with which they would be able to set forth new social and political goals, establish a different agenda and have a new platform on which they should conduct their business when dealing with other foreign nations. Jason Wai from BERL explains in Immigration delivers government $3bn surplus:
‘BERL determined that migrants contributed $8.1 billion in income tax, GST and excise duties whereas they consumed $4.8 billion of education, health and welfare.’
If New Zealanders will learn from their tradition and understand what these traditions mean in themselves and for the ethos of the business policy, we can see them begin to have a development in which they will be able to expand their trade policy and incorporate their trade policy in order to strengthen their economy. The Economist explains the importance of the New Zealand:
‘A strong currency can be a curse for exporters, however. In New Zealand’s case, the carry trade has given the kiwi dollar an extra upward push. With the yen nearing five-year lows against the American dollar this week, such trades may well continue… As rising interest rates in some countries exacerbate the differences between high-yielding currencies and low-yielding ones, such as Japan’s, New Zealand’s predicament may become more familiar. Most nations with strong currencies should refrain from following its lead. After all, peashooters are of little use against a determined foe.’
New Zealanders have lately discovered their new international identity, and they would be willing to have this identity reflect their own procedure and their trade policies. According one author, this implies that New Zealand must diversify its trade policy in order to conduct business and reach the business decisions that will come to influence them.
If we talk of turnkey projects, we are able to see the numerous appeals which New Zealand would have on private investors in developed countries – a venture capital firm in America could be considered an example. One of the main reasons they would have this appeal is because New Zealand has already set up its own identity as a place which cultivates exotic things which are only found in this country. Because New Zealanders have learned to embrace the history of their culture, they have used this as an advantage in establishing themselves with their agriculture and being able to have a trade industry which is self-sufficient and reliable without the support of other countries. Jason Wai from BERL explains:
‘BERL’s report shows a defined fiscal impact of New Zealand’s resident migrants on a set of government activities, and gives comparable figures for the New Zealand-born population. The report also summarizes the fiscal impact of migrant subgroups by the duration of residence, region of birth and region of residence. The study examines occupational and study characteristics of migrants, and considers migrants’ long-run impacts on the economy.’
We can see that New Zealand’s economy would grow from these relationships and industries which they have cultivated. However, a new political goal has transpired in New Zealand in the last two years; though New Zealand has had the lowest employment rate, a country that must deal with a rise in population, must also reconfigure its trade policy in order to establish itself and not have a problem with new employees of this industry – for example, a political demonstration or a labor union strike is more probable as their rise in population has transpired. Wood explains, the current standing of New Zealand, and its government:
‘The British Commonwealth is a developing institution and is governed by custom and personal understandings rather than by law. Its habits can be changed overnight to meet new needs. It has many sides, and looks different when observed from the different dominion capitals.’
Therefore, New Zealand must establish firmer labor unions and have numerous divisions which are justified to shoulder responsibility in handling these affairs. From this context we can see them have a new division with the help of which they would be able to have a grasp of the facets in labor regulations and still maintain their economy and currency. Also, from the example of China, we can see that this nation has let its currency fall, in order for it to have a stronger export industry because the price of manufacturing would have competitive rate with other nations in this world. It is uncertain if New Zealand would like to venture here, because they have to maintain a strong enough economy, by establishing their relationships with other nations in order to promote the quality of their export industry.
In recent times, China which has been used as an example, is having their export industry back fire on them, because of their low labor and manufacturing cost has caused the quality of its work to suffer. Furthermore, in this argument, we can see that New Zealand has had to deal with international relations in order to establish itself as a nation which has impacted the global export industry, which then could be seen in connection with their consumer goods.
New Zealanders have been able to maintain the market value from the trade industry, therefore they will have to continue establishing new relationships with the foreign market, in order to see their economy maintain its value, and not necessarily increase. An example of this could be seen in the tendency to have a new policy and reinforcing that this policy does not conflict with the future of New Zealand’s market of export goods, which it would have to sustain from keeping their currency competitive from the likes of China and India.
In this predicament, New Zealanders have been able to remain on their own, by cultivating the natural resources in order to further their economy and keeping their inflation rate at a competitive level. If New Zealand’s government is planning to expand the export industry into a new frontier, than it would have to be mindful of having to divide the classifications of labor or lower classes with the median earned income, because this could result in a demonstration if the workers are against certain conditions which the government have chosen to disregard. There is statistical evidence of the climb of income which New Zealand has experienced, and its relation to other developed countries, most notably the U.S.A. This evidence of the average income in New Zealand is relative to their export industry, because it proves the correlation between a rise in their economy, and also the rise in the price of manufacturing and goods.
New Zealand business is affected by two types of cycles – the classical cycle and the growth cycle. The classical cycle concentrates on the fluctuations in the absolute levels of economic activity, whereas growth business cycle concentrates on fluctuations in the relative economic activity. (Kim, Buckle, Hall)
As New Zealand has enabled itself to have a new agenda in its political stance on trade policy, we can see their economy grow with the numerous facets which would influence its relations with foreign investors. Furthermore, now that they have been able to forward this policy, in order to incorporate their identity with the quality of manufacturing, we can see this economy begin to have a social and political structure.
In the light of this evidence, we are able to see New Zealand have a social impact in the ways in which it would begin to develop its industry through the use of trade and also from attempting to raise their currency in order to ensure not only diplomatic relationships but also those with private investors and venture capitals from other countries for the sake of their export industry.
We are able to understand the international relationship in which they have been able to resurrect and in which they have been able to safeguard by increasing the quality of the environment. New Zealand has had to develop as a country; they have been able to sustain their healthy economy through their trade policy. With regard to their trade policy, we can see this demographic have a new social order. Their currency value would have to be safeguarded in order to maintain its international relations.
David Norman in his article US & Australia continue to grow, explains New Zealand’s current labor situation:
‘Previous reports of the loss of 4,000 jobs in the US in August have turned out to be erroneous. Revised figures indicate that in fact 89,000 jobs were added during this period, almost as many as the 93,000 in July. September job growth is even better, up 100,000. Unemployment is flat at 4.7%, with growth in health care, food services, and professional and technical services, and declines in manufacturing and construction.’
New Zealand has started carving its identity, the New Zealanders were also willing to have this identity not conflict with other policies, which would have caused it to have a new approach and interpretation in the ways in which it could be seen resolving the issues of its trade policy. We come to the conclusion that they have been able to sustain a new ground of cause and justification. We are able to reach the conclusion as to what this economy has now implied, and in this reference, we can see their economy have a different factor and an economical trend.
Ultimately, so far as we are able to have a new agenda in this regard, we are able to see their economy grow with the numerous aspects as to what this may now imply. Furthermore, now that they have been able to forward their economy, we can see this trend begin to have a social and political agenda. New Zealand has been able to aid its economy growth by maintaining a structure and trade policy and the growth is poised to continue.
Björn, Bjerke. Business Leadership and Culture: National Management Styles in the Global Economy. Edward Elgar: London, 1999.
Kim, Buckle, Hall. “Key Features of New Zealand Business Cycles.” Economic Record, Vol. 70, 1994.
Norman, David. “US & Australia continue to grow” BERL. Retrieved on 14 December, 2007. Available on <http://www.berl.co.nz/content/worldeconomy/unitedstates/896/australia-continue.aspx>
Wood, Frederick. Understanding New Zealand. Coward-McCann: New York, 1944.
“A Warning Shot.” The Economist. Updated on June 14th 2007. Retrieved on 14 December, 2007. Available on <http://www.economist.com/displayStory.cfm?story_id=9340724>