Question

We’re dealing with a very rich entrepreneur who has more money than she knows what to do with and has decided she would like to develop a business in Australia because she was a big fan of the Crocodile Dundee films in the 80’s. She’s really not sure of even the type of business she’s looking to employ there (although she’s made her fortune in the candy bar industry) We’re going to need a presentation on Australia and the pros and cons of investing there; we’ll use the EPIC tool to have discussions with. As well it would be great if we looked at what type of business’s may or may not prosper in the region including her own niche of candy bars. And perhaps add a little comparison to New Zealand as the client is a big "Lord of the Rings" fan too. Explain your assumptions, reasons, analysis, and recommendations.

The answer should be based on the economics, Politics, Infrastructure, and competence of each country Australia vs New Zealand.

Answer 1

Australia and New Zealand are developed countries with strong economies. Australia gains national wealth through exporting raw materials, while New Zealand relies on tourism and agriculture. Both countries have a high standard of living, but Australia imports manufactured products.

Step-by-step explanation:

Australia and New Zealand are both developed countries with strong economies. While Australia is known for its rich natural resources, New Zealand has gained national wealth through various methods such as agriculture, tourism, and wine production. Both countries have high standards of living, with Australia relying on exports of raw materials and New Zealand focusing on tourism. When considering the pros and cons of investing in Australia, factors like its strong economy, political stability, and infrastructure should be evaluated. However, it is important to also consider the country's dependence on imported manufactured products.

As for the comparison between Australia and New Zealand, it is worth noting that their economic situations and geography differ. Australia has a larger population and vast open spaces that support agriculture and resource extraction. New Zealand, on the other hand, has a smaller population and is known for its scenic landscapes, particularly favored by tourists. The dynamics with the Maori in New Zealand and the Aborigines in Australia can share similarities in terms of indigenous cultural heritage and the challenges they face in terms of land rights and cultural preservation.