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New Zealand (view source)

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New Zealand has a parliamentary form of government based on the British model. Legislative power is vested in the single-chamber House of Representatives (Parliament), the members of which are elected for three-year terms. The political party or coalition of parties that commands a majority in the House forms the government. Generally, the leader of the governing party becomes the prime minister, who, with ministers responsible for different aspects of government, forms a cabinet. The cabinet is the central organ of executive power. Most legislation is initiated in the House on the basis of decisions made by the cabinet; Parliament must then pass it by a majority vote before it can become law. The cabinet, however, has extensive regulatory powers that are subject to only limited parliamentary review. Because cabinet ministers sit in the House and because party discipline is customarily strong, legislative and executive authorities are effectively fused.--->[[About Government and Society of New Zealand|>>>Read More.<<<]]
New Zealand has a parliamentary form of government based on the British model. Legislative power is vested in the single-chamber House of Representatives (Parliament), the members of which are elected for three-year terms. The political party or coalition of parties that commands a majority in the House forms the government. Generally, the leader of the governing party becomes the prime minister, who, with ministers responsible for different aspects of government, forms a cabinet. The cabinet is the central organ of executive power. Most legislation is initiated in the House on the basis of decisions made by the cabinet; Parliament must then pass it by a majority vote before it can become law. The cabinet, however, has extensive regulatory powers that are subject to only limited parliamentary review. Because cabinet ministers sit in the House and because party discipline is customarily strong, legislative and executive authorities are effectively fused.--->[[About Government and Society of New Zealand|>>>Read More.<<<]]
==Economy of New Zealand==
*Economy - overview:
Over the past 20 years the government has transformed New Zealand from an agrarian economy dependent on concessionary British market access to a more industrialized, free market economy that can compete globally. This dynamic growth has boosted real incomes - but left behind some at the bottom of the ladder - and broadened and deepened the technological capabilities of the industrial sector. Per capita income rose for ten consecutive years until 2007 in purchasing power parity terms, but fell in 2008-09. Debt-driven consumer spending drove robust growth in the first half of the decade, helping fuel a large balance of payments deficit that posed a challenge for economic managers. Inflationary pressures caused the central bank to raise its key rate steadily from January 2004 until it was among the highest in the OECD in 2007-08; international capital inflows attracted to the high rates further strengthened the currency and housing market, however, aggravating the current account deficit. The economy fell into recession before the start of the global financial crisis and contracted for five consecutive quarters in 2008-09. In line with global peers, the central bank cut interest rates aggressively and the government developed fiscal stimulus measures. The economy pulled out of recession late in 2009, and achieved 2-3% per year growth in 2010-13. Nevertheless, key trade sectors remain vulnerable to weak external demand. The government plans to raise productivity growth and develop infrastructure, while reining in government spending.
'''[[More on Economy of New Zealand]]'''
New Zealand’s economy is developed, but it is comparatively small in the global marketplace. In the late 19th and early 20th centuries, New Zealand’s standard of living, based on the export of agricultural products, was one of the highest in the world, but after the mid-20th century the rate of growth tended to be one of the slowest among the developed countries. Impediments to economic expansion have been the slow growth of the economy of the United Kingdom (which formerly was the main destination of New Zealand’s exports) and its eventual membership in the European Community (later the European Union) and the high tariffs imposed by the major industrial nations against the country’s agricultural products (e.g., butter and meat).--->[[More on Economy of New Zealand|>>>>Read More<<<<]]
'''[[Energy of New Zealand]]'''
'''[[Transportation of New Zealand]]'''


==Communication of New Zealand==
==Communication of New Zealand==
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