The "Perfect" Little Economy of New Zealand | Economics Explained

New Zealand's economy is modest in GDP but excels in innovation, especially in agriculture. The country balances free market and government roles effectively, maintaining a budget surplus. Despite high taxes, New Zealand is a top business destination due to its efficient legal system and low corruption. However, immigration and property prices pose challenges, with many skilled workers moving to Australia.

What are the advantages of New Zealand's legal system for businesses?

How does New Zealand's immigration policy affect its economy?

What challenges does New Zealand face due to its economic success?

In what ways do New Zealand and Australia share economic ties?