Global Interdependence is defined as "world-wide mutual dependence". (The Law Dictionary) In other words, all countries no matter how big or how small depend on other countries for a variety of different resources.
New Zealand is a rather small country when compared to other countries in the world. As I stated on my Economic Page, New Zealand consumes three times more oil than it produces. Therefore, New Zealand has no choice but to import oil from other countries. Another area of Globalization that affects New Zealand drastically is politics. New Zealand is part of the English Parliament. New Zealand has its on Parliament that is run from their country, but is connected to the Parliament of England. Queen Elizabeth II is the Head of State, and appoints a General-Secratery that acts as her "Supervisor" in New Zealand. This interdependency of politics is can be both a hindrance and a helpful thing for New Zealand. It can be a hindrance because of the fact that New Zealand is under English Rule and must therefore address the English Parliament when it comes to certain trade endeavors. Its almost as if New Zealand is not its own country, but rather just another part of England. On the other hand, its helpful when it comes to certain political situations.
Another area of Globalization that affects New Zealand is Mechanical Machinery and Equipment. Mechanical machinery and equipment is the second highest import for New Zealand, right after oil. New Zealand does not possess the necessary materials and resources to create mechanical machinery/equipment and therefore, must rely on other countries to access these materials. New Zealand is a rather small country and does not have large factories or industries that can create such equipment. According to Statistics New Zealand, "Australia contributes 19 percent of New Zealand’s total import value, followed by China with 15 percent of imports." (Imports and Exports 2011). Australia and New Zealand are such close neighbors that they both rely heavily on one another for goods and services. This particular import is an economic interdependency.
Although New Zealand depends on other countries for many of their goods/services, New Zealand also exports many resources to other countries. New Zealand's largest export (another global interdependency) is Milk powder, butter, and cheese. In 2010, New Zealand exported 9.6 million dollars worth of Milk powder, butter, and cheese to countries such as Australia, China, United States, Japan, and United Kingdom. According to Statistics of New Zealand, "Australia is the largest market for exports, with almost a quarter of total exports going to Australia." (Imports and Exports 2011). Like the import of Mechanical machinery and equipment, the export of milk powder, butter, and cheese is considered an economic interdependency for New Zealand. Both of these imports and exports are helpful to New Zealand's economy and help balance out the weight of exports and imports.
New Zealand is a rather small country when compared to other countries in the world. As I stated on my Economic Page, New Zealand consumes three times more oil than it produces. Therefore, New Zealand has no choice but to import oil from other countries. Another area of Globalization that affects New Zealand drastically is politics. New Zealand is part of the English Parliament. New Zealand has its on Parliament that is run from their country, but is connected to the Parliament of England. Queen Elizabeth II is the Head of State, and appoints a General-Secratery that acts as her "Supervisor" in New Zealand. This interdependency of politics is can be both a hindrance and a helpful thing for New Zealand. It can be a hindrance because of the fact that New Zealand is under English Rule and must therefore address the English Parliament when it comes to certain trade endeavors. Its almost as if New Zealand is not its own country, but rather just another part of England. On the other hand, its helpful when it comes to certain political situations.
Another area of Globalization that affects New Zealand is Mechanical Machinery and Equipment. Mechanical machinery and equipment is the second highest import for New Zealand, right after oil. New Zealand does not possess the necessary materials and resources to create mechanical machinery/equipment and therefore, must rely on other countries to access these materials. New Zealand is a rather small country and does not have large factories or industries that can create such equipment. According to Statistics New Zealand, "Australia contributes 19 percent of New Zealand’s total import value, followed by China with 15 percent of imports." (Imports and Exports 2011). Australia and New Zealand are such close neighbors that they both rely heavily on one another for goods and services. This particular import is an economic interdependency.
Although New Zealand depends on other countries for many of their goods/services, New Zealand also exports many resources to other countries. New Zealand's largest export (another global interdependency) is Milk powder, butter, and cheese. In 2010, New Zealand exported 9.6 million dollars worth of Milk powder, butter, and cheese to countries such as Australia, China, United States, Japan, and United Kingdom. According to Statistics of New Zealand, "Australia is the largest market for exports, with almost a quarter of total exports going to Australia." (Imports and Exports 2011). Like the import of Mechanical machinery and equipment, the export of milk powder, butter, and cheese is considered an economic interdependency for New Zealand. Both of these imports and exports are helpful to New Zealand's economy and help balance out the weight of exports and imports.