• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Economic Repercussions of Tourism in the Caribbean.

Extracts from this document...

Introduction

Economic Repercussions of Tourism in the Caribbean Submitted by: Arif Patel a_patel65@hotmail.com The tourism industry is one of the largest contributors to the world GDP. It employs millions worldwide and provides a livelihood for nations and individuals alike. Focussing on a more specific economy - the economy of the Caribbean - a similar picture emerges. Much of the population has found employment in industries directly related to tourism and many more have done so in industries indirectly related to tourism. Albeit, there lurks a reality that defies this rosy illusion. The adverse effects of tourism on the economy are many and significant. In the long run, few clear advantages are visible. For countries of the Caribbean, that support their total national revenue figures primarily with tourism dollars, many challenges confront them. Commercialization of the local culture is probably the most visible change imposed by tourism. In an attempt to cater to the needs of the tourist culture, higher priority has been awarded to the capitalistic pursuits of wealth. ...read more.

Middle

This imbalance between an extremely high aggregate demand and a relatively inelastic aggregate supply (in part due to the short time frame) places locals in a difficult position. High costs of living necessitate drastic changes in traditional lifestyles and often lead to poverty; these events in turn result in even greater social and economic chaos. Unlike the development of high-tech industries by public and private sector contributions, heavy investment in tourism yields few other advantages, especially in digital communications networks. To illustrate this example, Singapore provides one of the best examples in the world. Once the government began to stimulate growth in fields such as precision machinery, digital technology, advanced materials and other such technologically innovative fields, the demand for a high-tech network led to the development of the world's most advanced communications infrastructure. Today, Singaporeans enjoy a level of technology that rivals the best in the world. Other examples of this can be seen in Hong Kong, Japan, India (namely the Bangalore Diamond District Tech Park), and Kuala Lumpur, Malaysia. ...read more.

Conclusion

The country of Malaysia had a GDP per Capita less then that of Haiti not too long ago. Today, after extensive development of their technology and finances sector they have become one of the most well developed countries in Asia, enjoys tremendous newly attained prosperity, and possesses a capitol that is regarded as an urban financial hub of the highest caliber. The tourist sector has developed as a result, especially business tourism. But these tourists do not come to take advantage of the weather and natural sites; rather they come to admire the accomplishments of the Malay. This tourism acts as a simple boost to the economy, not a lifeline. Changes in the volatile market of tourism will not adversely impact the country. The Caribbean nations should take example of the success of the Asians in transforming their countries into booming developing countries from their poverty stricken and technologically impaired plight only decades ago. Domestically owned corporations and far greater emphasis on technological and other industrial fields is vital to their successful future. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Global Interdependence & Economic Transition section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Global Interdependence & Economic Transition essays

  1. Marked by a teacher

    Investigating Travel & Tourism

    5 star(s)

    Transport can be viewed into considering the following three points * To the destination - flight * Around the destination - car * The transport itself could be the main feature of the holiday - cruise Air Travel Scheduled Chartered Agreed published timetable from the International Air port Association Does

  2. Pros and Cons of Tourism in Windsor

    In my opinion the reason trains were used the most I think was because they are the quickest and the most efficient transport as you don't have to worry about parking your car or getting stuck in traffic congestion. The minority of visitors used cars to get to Windsor.

  1. For two Economic Models, briefly describe the Model, and carefully compare and contrast their ...

    Ricardo also over-estimated 'Malthusian population mechanism,' the theory by which population growth is reliant on the supply of food, and with wages at subsistence level. The theory of the Ricardian Equivalence states that a cut in taxes leads to a counter saving by taxpayers in anticipation of future tax rises, and vice versa for tax rises.

  2. sustainable tourism in kenya

    4.0 SHIFT OF FOCUS IN THE NATIONAL TOURISM DEVELOPMENT POLICY The Kenya Government has shifted its focus from over reliance on high volume low yield tourism towards the development of other alternative forms of tourism which contribute to conservation of the environment.

  1. Environmental Impacts of Tourism

    Anglesey Heritage [on line] Visit Anglesey [on line] c) About the Resort - Cemaes Bay The family decided to stay in the resort of Cemaes Bay, a small old fishing harbour. This pretty coved shaped harbour was the main port of Anglesey's north coast before the growth of the nearby Amlwch harbour and was the centre for fishing, shipbuilding and smuggling.

  2. The UK travel and tourism industry

    ABTA's 1052* tour operator and 6310* travel agency offices are responsible for the sale of some 85% of UK-sold holidays. ABTA deals with around 60,000 enquiries per year on all travel-related subjects, from Foreign Office advice to requests for information about destinations and holidays.

  1. Investigating Travel and Tourism

    The choices are endless when you have the freedom to go to places when you want, with who you want. Cars give people this freedom. Increased leisure time. There are many factors that suggest why leisure time has increased since the 19th century.

  2. Mexican Culture

    Mexico has more sites on the UNESCO World Heritage list than any other country in the Americas, many of them boasting some of the richest Spanish Colonial architecture. Some of the most famous cities in Mexico built in the Colonial style are Puebla, Zacatecas, Guanajuato, and Morelia.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work