Economic Diversity
For any economy, diversity in the things you make and who you sell to is important to lower risks and ensure a shock resistant and resilient economy. However New Zealand has generally been going in the opposite direction, relying more on a narrow range of simple products, milk powder, meat and logs, and single large market, China.
In the below graph, you can see that both processed...
tags: diversity, exchange rate, currency, exports, dairy, complexity, manufacturing, trade, china