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Spiny lobsters are important to local economies because they are a delicacy in many restaurants. People who harvest lobster for sale can make a good living.
Protests from the local people led to the whites delcaring the union of South Africa. Protests from the local people led to the whites delcaring the union of South Africa.
People who work in any of the diamond trades earn salaries, have jobs and contribute to their local economies. Diamonds, like any other commodity, are good for economies where they are involved.
Many people lose their jobs, local economies suffer due to the lack of finance /income
Many people lose their jobs, local economies suffer due to the lack of finance /income
Globalization has affected South Africa's local art by drawing more attention to it. Now more people outside of South Africa are aware of and fans of the local art from the area.
Conflict diamonds 'help' the terrorists and criminals who profit from them. In local economies run by terrorists and criminals, you could say that conflict diamonds 'help' those economies, because the diamonds are turned into cash.
The triangle trade had a devastating impact on Africa as it led to widespread enslavement of Africans, disruption of communities, loss of cultural heritage, and economic exploitation. This trade system also contributed to the underdevelopment of Africa by diverting human and natural resources away from local economies.
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Investors are important because they provide the money that allow businesses to grow, which in turn puts more money into the economy.
The Atlantic slave trade had devastating effects on Africa, leading to significant social, economic, and political consequences. African communities were disrupted as millions of people were forcibly taken from their homes and sold into slavery. This resulted in population decline, loss of skilled labor, weakened local economies, and long-lasting social divisions.
People engage globally because the economies of nations are now global, not local. In order to be productive and earn money for the company you have to think about the world market.