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Unformatted text preview: New Zealand Home of the Kiwis Ryan Beerbower, Dan’Elle Bellamy, KatyAnn Grindle, Kim Haskins, Kaitlin Lockett, & Brian Maras 6/20/2011 Executive Summary New Zealand, located in the South Pacific Ocean, is comprised of two separate North and South islands. Across New Zealand, two different cultures coexist, one based on European immigrants and one based on the native Maori. New Zealand is a constitutional monarchy, part of the Commonwealth of Nations, with Queen Elizabeth II the head of state. New Zealand’s laws have three sources: English Common Law, Certain statues of the United Kingdom from before 1947, and Statues of the New Zealand Parliament. The New Zealand Nuclear Free Zone, Disarmament, and Arms Control Act of 1987, Overseas Investment Act of 2005, Overseas Investment Act of 2005, and Wellington Declaration are acts that influence business practices in the country. Like the United States, New Zealand is recovering from a recession. However, New Zealand’s recession was due to a drought in the summer of 2007 and 2008. New Zealand’s economy has a sizeable manufacturing and service sectors with a few major industries: agriculture, biotechnology, consultancy, food and beverage, and tourism. New Zealand operates three main financial markets: New Zealand Stock Market, Alternative Market, and Debt Market. New Zealand instituted an extensive marketing campaign called 100% Pure You. This campaign is targeted toward Australian, American and European tourists. The best business opportunities for New Zealand are in the energy and tourism industries. Geography New Zealand is located in the South Pacific Ocean. Its neighboring countries include Australia, Tonga and Fiji. The physical geography of New Zealand is made up of two islands. New Zealand’s terrain is predominately mountainous with some large coastal plains. The South Island is the largest land mass and contains about one quarter of the population. The island is divided along its length by the Southern Alps. The North Island is less mountainous than the Southern Island. Wellington, New Zealand’s capital is located on the North Island. The biggest geographical concern for New Zealand is volcanic activity and earthquakes. New Zealand’s North Island has significant experience in volcanic activity, especially with the mountain, Ruapehu that last erupted in 2007. Though earthquakes are common in New Zealand, they are typically not severe. However, in the last year, two earthquakes have struck New Zealand’s South Island within six months. Most notably was the earthquake in Christchurch in February 2011 that killed 181 people and caused NZ $16M in damage. Culture There are distinct cultures in New Zealand; those cultures are: European and Maori. The European and dominate culture is very similar to the United States. The Maori people came to New Zealand (before 1300) long before the Europeans (1800), which make them the oldest culture in New Zealand. The Maori people came from Polynesia and are by nature hunters, fishers, and gardeners; due to the colder environment found in New Zealand they found...
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This note was uploaded on 09/14/2011 for the course GEB 6365 taught by Professor Staff during the Summer '08 term at University of Central Florida.
- Summer '08