Question

Explain some of the political and economic factors leading to, and within, the signing of the Treaty of Waitangi. What are the implications of these for doing business globally and/or locally today?

Answer 1

Solution:

This treaty was signed in the year 1840 between the British crown and the Maori Chief of the North Island of New Zealand. The treaty was signed keeping in mind the trade of material between the 2 parties and hence it was essentially a treaty to facilitate the trade between the two regions. Hence, economically the treaty opened doors for conducting trade for the business people and also the demand was met because of this treaty which ensured a smooth supply of concerned materials. Clearly the political consent mattered alot before the treaty was signed and hence the political and economical impact of the treaty is stated as above.

If we look at the treaty today, the implecations of this treaty are huge because this was one of the starting treaties made to ensure a smooth business. In today's world the ease of doing business internationally is very simplified and people can now conduct business in any geography given the accordance with the domestic rules and regulations to do business. HEnce, we can now identify new markets that can be served effectively with our business and we cater to such markets for expansion of our business. HEnce, the implecationsof the treaties that was signed in 1840 led to the practice of expanding the business internationally to cater to the demand in foreign markets.

HEnce, this is the overview of the treaty and the implecations that treaty had over the business globallay and locally.