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The Development of New Zealand and its Relationship with the ...

The Development of New Zealand and its Relationship with the ...

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NZ’s CHALLENGES in Globalisation1’Negative relationship betweendistance from global centres <strong>of</strong> economicactivity <strong>and</strong> economic benef<strong>its</strong>’Redding & Venables (2004) estimate thatGDP <strong>of</strong> Australia could be 27% higher ifAustralia was 50% closer to <strong>its</strong> tradingpartners.This estimate can be extended to <strong>New</strong><strong>Zeal<strong>and</strong></strong>.

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