Exploring the Legal Landscape: Factors in New Zealand Economy

This report provides an analysis of the legal factors influencing New Zealand's economy, utilizing a PESTLE framework. It highlights the country's success in maintaining low crime rates through proactive measures like crime surveys conducted by the Ministry of Justice. New Zealand's commitment to transparency, integrity, and honesty has made it a corruption-free zone, fostering trust between citizens and the government. While international investors are welcome, lending charges may impact profit margins. The report also touches upon the potential drawbacks of foreign investment, such as exchange rate impacts and discouragement of domestic investment. Overall, it offers a comprehensive overview of the legal and economic landscape in New Zealand.

NEWZEALAND LEGAL FACTOR ANALYSIS
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Course
Date

1
Legal Analysis
Newzeland is a small country situated in east Australia in the Pacific Ocean. It has done a
remarkable progress in the past years to uplift its economy. The PESTLE analysis of this country
discusses political, economic, technical, environmental and legal factors. These factors some are
positive some negative and help the government proactively in devising strategies set towards
capitalizing a number of valuable opportunities, elimination of threats and also minimization of
threats..The Newzealand government has control over its rules and regulations despite the fact
that the crime rate is very low in the country.1 This is because each year, the Ministry of Justice
conducts a crime survey to give more information on the crime state in the country. This has
been portrayed by very low crime rates which have not been increasing at a great deal. A good
example is the survey which was conducted in the year 2009 showed that only 32% crime was
reported to the police that year. Comparing this with other global countries is relatively low as
shown by Woods (2015). Additionally, there has been a decline in domestic violence, instances
of sexual abuse and threatening behavior among citizens. Citizens have the opportunity to enjoy
the country’s facilities since the government has managed to curb corruption which is great
threat to the resources of any country. Newzeland has been made a corruption-free zone as the
country has managed to reform the public administration and finance departments. To them,
integrity, transparency and honesty are two is valuable aspects. Newzealand has additionally
managed to close all international loopholes making it difficult for corrupt public officials not to
be able to launder and hide the proceeds of looted state assets. Citizens’ demands have been
empowered as the government is held accountable and builds a mutual trust among citizens.
The The New Zealand experiment by Kelsey and Jane (2015) states that despite the factor
that international investors are free to invest in the country by starting any business they wish,
there are low-profit margins or outcomes related to businesses since they have to pay for the
lending charges to the government which is a handful amount.2 The international business
community has no doubt full legal cover in Newzealand and can take part in any form of
investment with no fear of implications related to legal issues. A major concern here remains to
be if the foreign investors have more hard than good to the country's economic and general life
of countrymen. Although allowing foreigners to invest in a country has some positive impacts on
the economy, it leaves wounds behind as far as the lives of countrymen are concerned. Foreign
investment has a great impact of exchange rates which may lead to fall of domestic currency; it
also discourages domestic investment resulting to economic non-viability where the country has
a big gross domestic product but lower gross national product.
i

i Smith, Darren J. "12 Old enough to know better: age stereotypes in New Zealand."
Revival: Ageism in Work and Employment (2001) (2017).
2 Ibid., 14
Bibliography
Woods, Martin, Vivien Rodgers, Andy Towers, and Steven La Grow. "Researching moral
distress among New Zealand nurses: a national survey." Nursing Ethics 22, no. 1 (2015): 117-130.
Kelsey, Jane. The New Zealand experiment: A world model for structural adjustment?. Bridget
Williams Books, 2015.