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Globalization has significantly impacted Tonga's economy by increasing trade opportunities and foreign investment, which can lead to economic growth and job creation. However, it also poses challenges, such as vulnerability to global market fluctuations and the potential erosion of local cultures and industries. Additionally, reliance on remittances from Tongan workers abroad can create economic dependency, while environmental concerns may escalate due to increased tourism and resource exploitation. Overall, while globalization can stimulate development, it requires careful management to ensure sustainable and equitable outcomes for the Tongan population.
What else can I help you with?
What are the effects of globalisation on England's economy?
no
What are negative effects of globalisation on Vietnam's economy?
One Example, The negative affects is .6 percent of unemployment.
Good and bad effects of tourism in England?
The effects of tourism in England * economy is growing *social and psycholical problems *Western- lifestyle spreads *agent of globalisation
What is meaning of globalisation?
It means integrating an economy with the world economy for trade
Globalisation and future of Indian economy?
Fair globalisation would create opportunities for ALL &also ensure that the benefits of globalisation would be shared better.
How does globalization hurt the U.S economy?
It doesn't. Globalisation is good for any countries economy.
Does the Indian economy get any benefit from globalisation?
The Indian economy does get benefit from globalization because the economy is allowed to access markets in many countries.
What are the Effects of globalisation on cutting down the plants?
no more air and everyone dies
What are the components of globalisation?
Components of globalisation are as follows: 1. globalisation of market 2. globalisation of production 3. globalisation of technology 4. globalisation of investment
What is the effects on the economy?
This question is too obscure. The effects of what on the economy?
What Indian attitudes are towards globalisation?
the attitudes that are towards globalisation is that the Indians use cross bows
What do Tonga produce?
Tonga primarily produces agricultural products, with key exports including vanilla, squash, and coconuts. The country also engages in fishing, particularly tuna, which is a significant part of its economy. Additionally, Tongan farmers cultivate root crops like taro and yams, which are important for local consumption. Overall, the agricultural sector plays a vital role in Tonga's economy and sustenance.
