So what's new? 30 years ago whilst living in Oz I was astounded by the number of NZ made products that were cheaper to buy there. Things like processed milk products, lawnmowers (yeah it was a while ago). And to top it off my income there was higher so my buying power greater to start with. Domestic market subsidising the export market? Quite strange because on my return to NZ I worked for a company where the rule of thumb was they had to export 3 tonnes of product to yield the same profit they could with 1 tonne of domestic sales. Cheap Chinese imports to NZ have of course shagged that.
Bookmarks