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Phone Code: 0064Root-level Domain Code: .nzList of NZ Companies
Phone Code: 0064
Root-level Domain Code: .nz
List of NZ Companies
Background: The Polynesian Maori reached New Zealand in about A.D. 800. In 1840, their chieftains entered into a compact with Britain, the Treaty of Waitangi, in which they ceded sovereignty to Queen Victoria while retaining territorial rights. In that same year, the British began the first organized colonial settlement. A series of land wars between 1843 and 1872 ended with the defeat of the native peoples. The British colony of New Zealand became an independent dominion in 1907 and supported the UK militarily in both World Wars. New Zealand's full participation in a number of defense alliances lapsed by the 1980s. In recent years, the government has sought to address longstanding Maori grievances.
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 many at the bottom of the ladder), broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures. Per capita income has risen for eight consecutive years and was more than $25,500 in 2006 in purchasing power parity terms. Consumer and government spending have driven growth in recent years, and exports picked up in 2006 after struggling for several years. Exports are equal to about 28% of GDP, down from 33 percent of GDP in 2001. Thus far the economy has been resilient, and the Labor Government promises that expenditures on health, education, and pensions will increase proportionately to output.
Geography Note: about 80% of the population lives in cities; Wellington is the southernmost national capital in the world
Location: Oceania, islands in the South Pacific Ocean, southeast of Australia
Natural Resources: natural gas, iron ore, sand, coal, timber, hydropower, gold, limestone
Geographic Coordinates: 41 00 S, 174 00 E
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