• 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)

    is the UK's largest international scheduled airline, flying to over 550 destinations at convenient times, to the best located airports. Whether customers are in the air or on the ground, British Airways takes pride in providing a full service experience.

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

    Critiques of Ricardo's work point out that this is a specific model, only considering corn, in Britain, in the agricultural revolution. It also underestimates the impact technology would have on the whole economy, including agriculture. Second Model - Rostow Walt Rostow is a more recent economist than Ricardo, with his work taking place primarily during the 1950's and 1960's.

  1. Pros and Cons of Tourism in Windsor

    My result shows that the quality of the natural vegetation and condition of pavement out side Riverside Station is four which means excellent. I suppose the reason for this is that Windsor is a honey pot for many tourists that are visiting London, for this reason it is well looked after, this makes is attractive.

  2. Investigating Travel and Tourism

    This is because since the 2nd world war planes have become bigger as so they can hold more people making flights cheaper. This means more people can afford to go on holiday to far destinations and also have the better quality journey.

  1. Sustainable Tourism in Australia

    The Model takes advantage of the nationally consistent data collected as part of the international and national visitor surveys, which then the local governments apply their own expertise and data to the model. How the Tourism Impact Model Works The Tourism Impact Model allows the governments to ask the following

  2. The UK travel and tourism industry

    And provides secretariat facilities for IFTO. The impact that technology has had on tour operators The growth of the Internet has increased the collection of information about travel and tourism products and services. There is an estimation of 30 to 100 million worldwide users, this makes the Internet an important part of the travel and tourism industry.

  1. Development of the leisure and recreation industry

    These are mainly non-profit making or charitable. Mainly the following are in the voluntary sector: 1. Youth and Community Groups 2. Sports Clubs and Associations 3. Conservation and Heritage Groups 4. Touring Groups 5. Social Clubs 6. Arts Association The above organisations can also be found in the Private sector,

  2. Is Tourism the Best Way For Kenya To Develop?

    The rainfall then, however, drops with the temperature, falling to just 13mm in July. As I mentioned earlier the rainfall in Kenya is very varied. The wettest areas of Kenya are located in the East of the country and on the coast.

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