Sign-up for Acorns! 👉 https://www.acorns.com/ee?s2=NZ3 (upon registration, Acorns will deposit $5 in your account to help you get started with investing!) ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ This is New Zealand – a picturesque nation with an economy that appears to exclusively rely on throwing tourists off cliffs in increasingly imaginative ways. But Australia’s "little brother" is not to be underestimated. In fact, New Zealand is, arguably, the world’s best-managed economy. After considering the World Bank's Ease of Doing Business Index and various high-ranking Quality of Life and Happiness assessments, it's little wonder as to why consistently ranks New Zealand at the top (move aside, Norway!). Perhaps even more remarkable is that this tiny island country has achieved remarkable prosperity in spite of not having notable natural resources (or acting as a tax haven for global businesses). What are the primary drivers of New Zealand's economic prosperity? How has the nation been able to accommodate these where other nations fail to do so? And what are the challenges the nation might face to keep this success going? ... All this and more in today's episode of Economics Explained! ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 🇳🇿 EE2's New Zealand Leaderboard Ranking ▶️ https://www.youtube.com/watch?v=S785od3dXu8 ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ Enjoyed the video? Comment below! 💬 ⭑ 🔔 Subscribe to Economics Explained 👉 https://bit.ly/sub2ee ⭑ Enjoyed? Hit the like button! 👍 Q&A Streams on EEII (2nd channel) → https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g ✉️ Business Enquiries → hello@economicsexplained.com 🎧 Listen to EE on Spotify! 👉 https://anchor.fm/EconomicsExplained Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/economicsexplainedoffical/ Sources and citations → http://bit.ly/EE-sources-NZ #NewZealand #AustraliasLittleBrother #EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: Morgon Goranson, Andy Potanin, Wicked Pilates, Tadeáš Ursíny, Logan, Angus Clydesdale, Michael G Harding, Hamad AL-Thani, Conrad Reuter, Tom Szuszai, Ryan Katz, Jack Doe, Igor Bazarny, Ronnie Henriksen, Irsal Mashhor, LT Marshall, Zara Armani, Bharath Chandra Sudheer, Dalton Flanagan, Andrew Harrison, Hispanidad, Michael Tan, Michael A. Dunn, Alex Gogan, Mariana Velasque, Bejomi, Sugga Daddy, Matthew Collinge, Kamar, Kekomod, Edward Flores, Brent Bohlken, Bobby Trusardi, Bryan Alvarez, EmptyMachine, Snuggle Boo Boo ThD, Christmas