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The Implications of a Recession for the Māori Economy

Redistribution of world economic power

  1. The global power base is shifting from Europe and America to the new Asian economic powers. This will have a particular impact on Māori through investment and employment opportunities within the new markets driven by the enormous economic growth rates of these new economies, demographics and the rise in importance of mega cities.
  2. The rise of the Asian countries to become economic superpowers will bring some level of uncertainty for Māori, specifically in terms of employment and investment. The rise of immigration from Asia may lead to competition for jobs in local markets. Also, as Asian firms make acquisitions in New Zealand, and potentially in Māori businesses, corporate cultural integration will become an important issue.