Which New Zealand industry benefits significantly from globalization?

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BlackTom AI · Accepted Answer

Question: Which New Zealand industry benefits significantly from globalization?

Option a: Textiles. While textiles can be affected by global trade, New Zealand’s textile sector has not been a standout beneficiary of globalization relative to others; it faces strong competition from lower-cost producers and has diminished in importance in the NZ economy. This makes the claim less convincing.

Option b: Film and Entertainment. This is the strongest choice. Globalization expands access to international markets, financing, distribution networks, and co-production opportunities. New Zealand’s film industry has benefited tremendously from globalization through international studios, global audiences for streaming, and high-profile projects (for example, large-scale film productions that leverage NZ locations and skilled crews). The ability to collaborate across borders and tap global capital makes this sector particularly well-positioned to gain advantages from globalization.

Option c: Steel production. Steel is a highly globalized industry, but in New Zealand, domestic demand is modest and the sector is small relative to globalization dynamics seen in larger economies. It does not illustrate a clear, significant benefit from globalization for NZ as a whole and is not a marquee example in the NZ economy.

Option d: Aerospace. While there are global aerospace linkages and some niche activity, New Zealand does not rely on aerospace as a major, widely benefits-driven industry from globalization in the way that film and entertainment has, where cross-border content distribution and international collaborations provide broader impact. Therefore, this option is less compelling as a primary beneficiary compared with film and entertainment.

Summary: Globalization tends to boost industries that can leverage cross-border financing, distribution, and collaboration. Among the options, film and entertainment best fits this pattern for New Zealand due to its international appeal, ability to attract foreign investment and co-productions, and broad access to global audiences. The other sectors either face stronger global competition, are smaller in NZ’s economy, or do not capitalize on globalization to the same extent.

FOUND300-25B (HAM) - New Zealand Context and Society

Which New Zealand industry benefits significantly from globalization?

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