Question

Describe three challenges to New Zealand's economic success. What issues might New Zealand face as a smaller island nation?

Answer 1

The main challenge is unemployment .Most of the people are not employed while the employers say there is no enough money to hire enough people .

The other challenge is that the country relies in small and medium enterprises  whose contribution to the economy is very minute hence making the economy to continue lagging .

The money supply has as well stagnated since the year 2008 whereby its ability to spend on wages and salaries has remained stagnant since then.

Answer 2

Challenges:

1. New Zealand has an unacceptable unemployment rate. It is 6.5% as of 4 Aug 2011 and there is plenty of work to do.  
2. Up to 270,000 children live in poverty. Every Child Counts (ECC) is working to improve the status and well being of New Zealand children.
3. Small and medium sized businesses create the vast majority of jobs have too much red tape.

Issues:

• Climatic conditions
• Poverty
• Crime rate is high
• Economy
• Logistics
• Digitalization