cover image: New Zealand’s place in the world - Myths and realities

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New Zealand’s place in the world - Myths and realities

9 Jun 2021

One could speculate about the outlook for movement in people in the post-COVID-19 era and the impact of the Biden Presidency for globalisation generally and whether the era of multilateral trade liberalisation is over. [...] Figure 1 Four dimensions of globalisation Source: NZIER 2 Trade in goods and services Looking at the external trade data, patterns emerged at three levels – at the macro level, the levelling out of overall openness to external trade; at the meso level, the changing mix of goods and services; while at the micro level, the marked diversification in the mix of products and markets. [...] 4 Movement in people Data on people movements highlighted patterns at three levels – at the macro level, record immigration flows since the global financial crisis; at the meso level, the changing mix in the nationalities of migrants; while at the micro level, the reverse of the diaspora with more Kiwis returning than leaving. [...] It is unclear if the pattern of the net outflow of people born in New Zealand will return in time or whether the reverse diaspora is the new normal. [...] In the longer term, the objective of the Free Trade Area of the Asia-Pacific (FTAAP) is to link Pacific Rim economies from China to Chile to the United States with the aim of harmonising the ‘noodle bowl’ of regional and bilateral free trade agreements.
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22
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New Zealand

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