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Polynesia law and legal tenders

Polynesia law and legal tenders

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Law is a system of rules created and enforced through social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of relations between people. Legal systems vary between countries, with their differences analysed in comparative law. In civil law jurisdictions, a legislature or other central body codifies and consolidates the law. Legality, in respect of an act, agreement, or contract is the state of being consistent with the law or of being lawful or unlawful in a given jurisdiction, and the construct of power.

With the exception of New Zealand, the majority of independent Polynesian islands derive much of their income from foreign aid and remittances from those who live in other countries. Some encourage their young people to go where they can earn good money to remit to their stay-at-home relatives. Many Polynesian locations, such as Easter Island, supplement this with tourism income. Some have more unusual sources of income, such as Tuvalu which marketed its '. tv' internet top-level domain name or the Cooks that relied on postage stamp sales. Aside from New Zealand, another focus area of economic dependence regarding tourism is Hawaii. Hawaii is one of the most visited areas within the Polynesian Triangle, entertaining more than ten million visitors annually, excluding 2020. The economy of Hawaii, like that of New Zealand, is steadily dependent on annual tourists and financial counseling or aid from other countries or states. "The rate of tourist growth has made the economy overly dependent on this one sector, leaving Hawaii extremely vulnerable to external economic forces. "By keeping this in mind, island states and nations similar to Hawaii are paying closer attention to other avenues that can positively affect their economy by practicing more independence and less emphasis on tourist entertainment. The six countries in Polynesia are New Zealand, Solomon Islands, Tonga, Tuvalu, Vanuatu, and Samoa.

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