The New Zealand Economy: A Case Study of High Import and Export Dependency
Abstract
The specialized pastoral development and the debts
incurred to buy high quantities of imports, have produced
interesting results in New Zealand's terms of trade and
balance of payments over the past few years. It is these
terms of trade and balance of payments I wish to discuss
in this paper. Each of the two main sections of the
paper are begun by defining New Zealand's terms of trade
and balance of payments respectively. After each description,
ideas are presented which suggest feasible causes
of New Zealand's current situation in both of the areas
under discussion.