• 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)

    Business, Economy and First Class Prices may differ, e.g. Monarch Airlines As well and No Frills Service offered by Ryanair, Easyjet Flying out of less well know airports such as Liverpool. One Class - Meal may or may not be offered and this is included in the price British Airways

  2. Discuss the challenges for Caribbean society as it seeks to achieve national unity in ...

    not considered bigamy and would make it law that one could have more than one. The Christians would go against that, as they believe that only one wife is godly, and it would be extremely hard for a compromise to be made.

  1. Pros and Cons of Tourism in Windsor

    Photographs During my visit to Windsor I took a picture of two smashed bikes. In this picture we can see a poor quality of vegetation, bricks, wood which makes the place very messy and untidy . Peasod Street is home to many shops in Windsor.

  2. Investigating Travel and Tourism

    * Sir Christopher Cockerell was the inventor of the hovercraft in 1956. The hovercraft could carry twice as many passengers and vehicles, but this meant it was slower. The hover craft was replaced by the invention of the sea-cats. The sea cat would as it gets faster lift making the journey quicker.

  1. What is the impact of Tourism and Recreation on Epping Forest?

    Justification I have drawn up al Land use map, and I am now commenting upon it for two reasons. First it is compulsory to do this activity as it gives me the opportunity to gain an understanding into the way that the forest is managed.

  2. Development of the leisure and recreation industry

    Community Facilities Playwork Children 5-11 years old Youth Work Provision Parks and Countryside Service Country Parks and Urban Parks Public Open Spaces Estate Management Playgrounds Playing Fields Allotments Sports and Leisure Management Leisure Centres Sports Development Bowring Park Golf Course Walks in Knowsley Duke of Edinburgh, Mayors Award and Citizenship

  1. The UK travel and tourism industry

    For example a group of young people travel from Milton Keynes for a holiday in Greece. Inbound When travelling from an overseas country. For example a businessman from France stays in Southampton. They deal with tourists coming from overseas and handle their arrangements within the destination.

  2. The costs and benefits of tourism in Polar Regions

    rapidly becoming a tourism hotspot, offering fishing, hunting, naturalist activities and tours focusing on the culture, history and art (see figure 2) of its indigenous Inuit people (Milne et. al., 1995). Figure 2: Visual arts of the Inuit people (Source: Detroit Virtual Zoo, 2002)

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