Exports Alex

8/2/2019 Exports Alex

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Export Oriented EconomicGrowth


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Role of Export in Economic growth

Export-Led Growth (Resource Export) Innovation Economy (Resource Development) The opportunities will be talked about with respect to

these two economic strategies.


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Export-Led Growth (ELG Theory)

Identify emerging trends in the global market. Targeting this trend to generate revenue (Through resource trading) This strategy was historically utilized by developing countries to

recover from unfavorable state (e.g. post-war economy).


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Innovation Economics Theory Expands on resource trading by also placing priority on the

technological improvement of resources. (Export of patentedtechnology)

Ongoing technological developments ensure increased productivityand that the end-produce remains desirable overtime.

National Innovation System (Linking Up different sectors E.g.Business and Science)


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Global Demand

Looking at the global demand of New Zealands commodities to locate

opportunities

AUSTRALIA

CHINA

USA

JAPAN

KOREA

($ mil.)


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Global Demand

Looking at the global demand of New Zealands commodities to locate

opportunities


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Three opportunities will be looked at in Forestry, Agriculture and Aviation (Demand, Resources, Opportunities)


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Forestry

The forestry sector ispresented withincreasing demandover the past 5 years,especially from China.

Christchurch seaportexports the second

largest amount ofwood products insouth island (afterNelson), most of whichis coming fromMarlborough.


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Available Resources

Opportunity for expanding the forestry industry?


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Opportunities

RESOURCE: A number of outskirt land plots that may be converted totimber planting.

DEVELOPMENT: Possible demand for the technological developmentof timber construction products for rebuilding the city. The result ofwhich can be marketed as patented technological export as part ofinnovation based economic strategy.


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Agricultural Sector

High demand from China for Dairy produce (Butter, Cheese,Powdered Milk)

Continuous demand from USA for meat products.


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Available Resources

Agriculture Sector presents the highest value of export from theChristchurch Sea Port


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Agricultural Occupation Density


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Opportunities

RESOURCE: Encouraging expansion of farming, urban agriculture practices DEVELOPMENT: Investing on research farm facilities, which investigates

methods in biotechnology, etc. to improve productivity and efficiency.


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Aviation

The Aircraft and SpacecraftSector presents $3 Billionworth of overseas cargoexported in 2011 ($1.8 Billion

from Christchurch airport), a400% overall increase fromthe value recorded in 2010.

In the first quarter of 2012 theindustry has shipped $300million worth of cargo from

Christchurch airport.


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Opportunities

DEVELOPMENT: Opportunity for developing an R&D centre in South Island? Waikato is the centre of aviation development in north island, while the

Marlborough region is becoming a centre for the restoration of vintage aircraftsin South Island.


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Summary - Opportunities

Looking at global demand to establish opportunities Acknowledging the high demand of commodities, and expanding on

it by conducting further advances in the quality of the technologies

Three Possible industries: Forestry, Agriculture, Aviation

Documents

Exports Alex