PHOTO: NZ Economy
This is New Zealand – a picturesque nation with an economy that appears to exclusively rely on throwing tourists off cliffs in increasingly imaginative ways.
But Australia’s “little brother” is not to be underestimated. In fact, New Zealand is, arguably, the world’s best-managed economy. After considering the World Bank’s Ease of Doing Business Index and various high-ranking Quality of Life and Happiness assessments, it’s little wonder as to why consistently ranks New Zealand at the top (move aside, Norway!).
Perhaps even more remarkable is that this tiny island country has achieved remarkable prosperity in spite of not having notable natural resources (or acting as a tax haven for global businesses).
What are the primary drivers of New Zealand’s economic prosperity?
How has the nation been able to accommodate these where other nations fail to do so?