Onshore Service
From Wikipedia, the free encyclopedia
 |
Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. |
Onshore and Offshore Services
In New Zealand Economics, Onshore and Offshore Economics are a way of distinguishing; services provided by New Zealand firms for foreigners inside of New Zealand, or foreign firms providing services for New Zealanders / New Zealand firms providing services to overseas buyers, outside of New Zealand, respectively.
Onshore Services
The best example of an onshore service is tourism. For example, if an American resident were to travel to New Zealand, and play golf with his friends in Auckland; this would be classified as an Onshore service as the Auckland (New Zealand) golf club is providing the American tourist with a service.
Offshore Services
New Zealand is heavily reliant on overseas providers for insurance services and for transport for goods via sea. For instance, a New Zealand tourist flies Virgin Airlines, from Ireland to London. This tourist has used a service, not provided by his own country, to travel from one place to another.
[edit] References
Economics Issues for New Zealand NCEA Level 2, Robin Sutton.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
