New Zealand amidst World Crisis

DOI: 10.20542/0131-2227-2010-8-102-108

L. Stefanchuk, Institute of Oriental Studies, Russian Academy of Sciences (IV RAS), 12, Rozhdestvenka Str., Moscow, 107031, Russian Federation (

Abstract. Small size, remoteness from the major world economies, scarce natural resources, dependence on the world market conditions, heavy foreign debts formed historically – these are the weaknesses of New Zealand. But its strengths are – productive, highly mechanized agriculture, skilled labor workforce, democratic legislation and order, lack of corruption, good investment opportunities – enable the country to overcome the ramifications of the global financial and economic crisis effectively enough. 

Keywords: Reserve bank, globalization, government debt, economic reforms, liberalization, economic growth, inflation, world economy, balance of payments, New Zealand 

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For citation:
Stefanchuk L. New Zealand amidst World Crisis. World Eonomy and International Relations, 2010, no. 8, pp. 102-108.

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