But, like before how Catalan had a minor effect on the stability of prices in Spain, it has a major effect on its growth. The ways in which Spain will either fall hard or continue to grow lies in the hands of Catalan because they have without thought “put all their eggs in one basket” becoming overly dependent on Catalan. The effects of Catalan becoming dependent from Spain would hit the GDP hard, decreasing it by an estimated 13%. Although only 15% of the population of spain liv in Catalan together they create one fifth of the GDP of Spain. There small size surely would not suggest this.
The Kingdom of Morocco has leaped on the train to development in the recent past. The nation which is literally at the cross-roads of different civilizations has entered in a new era of reforms and activity. This has led to the development of a political, social and economic dynamic and synergy that has enabled the country to attract foreign trade relations and investment. The decision of opening a new facility depends on the business environment of the country. The country should have the consumer base and market potential required for business to run.
High taxes scare away both foreign and local investors hence reducing the chances of employing more youths. Also, youths roam the streets of Cameroon searching for jobs, many of which are only accessible if you are connected to someone in a higher place. A solution to this informal but somehow structured system needs to be found. This requires a conscience revolution among the thinking of Cameroonians. There are many effects of unemployment in Cameroon some of which are; youth unemployment has contributed to poverty and low standards of living.
Monaco is a very small country, and it is hard for them to keep up with their growing population, because they are such a small country they have made plans to expand on the ocean, but many environmental scholars have reached out and said that it would harm the marine life. The major problems with Monaco creating casinos and apartment buildings on the ocean is that they could possibly lose money, it causes sand erosion, and ig will kill and damage the homes of the marine animals on the coast of Monaco. One of the many things that would happen if they continue with this plan is that Monaco could face having financial troubles. According to The Telegraph Monaco has started to work on a €2 billion project that will take up to 15 acres from
UIEA EK Davila Gilder Mayu Sato Tourism: Is it all about Entertainment or Profits? Tourism has always been one of the important factors which contribute the economic development of a country. At present days, the tourism sector has flourished because of the improved transportation system and easy access to countries. However, the inside story tells a different picture. Tourism has direct and indirect impact on the economy and society by creating job opportunity, generating revenue and profit, while on other picture tourism brings in negative effects like environmental problems, cultural erosion and most importantly crime rates due to its overwhelming expansion.
Tourism has been identified for its important participation in the economy in different small islands. Tourism serves to encourage the growth of basic infrastructure, participates in the development of businesses, attracts foreign investment and supports the transfer of information and technology (Riaz, Suhejla, and Michael, 2008). Tourism has also been observed as a promoter for the conservation and development of the environment as well as sustaining local culture and diversity. Tourism is associated with different key economic sectors like hotels, transport, restaurants, and construction. This is because of the fact that tourism has the ability to make multiplier impacts in different ancillary and supporting services.
There is an increase on water and electricity demand with a great impact on the wider and local environment. The tourism development affects the social system both positive and negative. This depends on the kind of tourism that develops in the area. (Eagles and McCool, 2002). Positive effects Many are the benefits of tourism in the social sector.
With their creation of jobs, they are an important part of many countries. However, the tourism industry could be drastically affecting the environment, both locally and globally. Environment includes the atmosphere, the animals, plants, in addition to humans. Harm means that the environment was left in worse shape due to the tourism industry. The hundreds of millions of people employed by the tourism industry, the governments that have to put regulations in place to protect the environment, and the people that wish to travel for either leisure or business all have a stake in this issue.
According to McNeely (1998) and Mbaiwa (2003), tourism is known as the largest growing industry especially in the area of job creation, improve quality of life to host community, improving local economy and many more (Mochechela, 2010).This is because tourism industry is one of the largest industries where host resident can get the economic benefits where both skilled and unskilled people can be employed. Economic impact usually can directly bring benefits to communities. However, even though the economic benefits are popular with the tourism impact, the negative side still need to be taken with caution. In addition, tourism industry can make a positive economic contribution such as increase income of local people, increasing foreign exchange
Most studies on economic impacts of tourism have dwelled on the positive side and slightly giving a blind eye on the negative imperatives (Andereck, Valentine, Knopf & Vogt, 2005:2). Tourism is widely perceived as a potential economic base, it provides elements that may improve quality of life such as employment opportunities, tax revenues, economic diversity, festivals, restaurants, natural and cultural attractions,and outdoor recreation opportunities. Arguably, tourism is the second largest industry in the world; estimates from the World Travel and Tourism Council (WTTC) suggest that it generates around 200 million jobs worldwide and accounts for10% of global GDP (WTTC, 2013). Tourism is a consumption-based industry and cannot be wholly