A Trans-Tasman business elite?

Abstract

This article examines the close relationship between the Australian and New Zealand business communities to ask whether the relationship is best characterized as simply a bi-lateral trading relationship, or whether there is evidence of the formation of a transnational business community. This article also seeks to explore the nature of Australia—NewZealand integration, and specifically the degree to which the relationship is interdependent or asymmetrical. Data are drawn from quantitative sources — including a dataset developed from the IBISWorld's Largest 2000 Enterprises in Australia and New Zealand, Who's Who in Australia, and Who's Who in Business in Australia — and qualitative sources, including interviews with business and policy elites. Our findings are that the relationship between the Australian and New Zealand business communities is much deeper than a bi-lateral trading relationship, but also falls short of forming one transnational community. We also find that the relationship is substantially asymmetrical in nature, raising concerns among a number of New Zealand business executives about New Zealand sovereignty.