New Zealand's place in the world - NZIER Public Discussion Paper 2021/1

10 June 2021

By Derek Gill

New Zealand’s place in the world – including flows in trade, people, capital, and ideas – continues to change. This working paper highlights how some of the long-standing memes, which have dominated the local discourse no longer apply in a post-COVID world. In particular New Zealand’s openness to external trade and foreign investment, and the role of migration in driving population growth have all changed.

NZIER has also created an interactive platform, using the Qlik application, to enable people to explore for themselves how New Zealand’s place in the world is changing and how we compare with other countries. This Qlik application enables users to explore the data themselves for three of the four topic areas covered in the paper – trade, capital and people. Users can make comparisons of various country groupings (OECD, APEC, small advanced economies etc.) as shown in Figure 1 and Figure 2.

Figure 1 Trade: Terms of trade, Small advanced economies, 2000-2019

Figure 2. Trade: Export of goods and services (% of GDP), Small advanced economies, 2000-2019

The application includes data from the World Development Indicators (World Bank), International Debt Statistics (World Bank), Global Debt Database (IMF) and Foreign direct investment: inward and outward flows and stock (UNCTAD). Selected series were combined into single data model with dimensions for country, year and economic groupings.

To access this application please contact library@nzier.org.nz for more information.

Each year NZIER devotes resources to undertake and make freely available economic research and thinking aimed at promoting a better understanding of New Zealand’s important economic challenges. This paper was funded as part of this public good research programme.