The Importance Of Tourism

According to UNWTO “over the decades, tourism has experienced continued growth and deepening ‎diversification to become one of the fastest growing economic sectors in the world.” In Belize, tourism is one of the growing industries that has to a large extent, a great influence on the economy. The tourism industry has demonstrated success and commitment to maintain the authenticity of its attractions fostering attractive platforms for investors looking to cater the growing number experience-Based tourist. Yet tourism is not the only successful industry in Belize, there is the citrus industry, sugar industry, banana industry and also the marine industry which help the economy. Therefore tourism does indeed help the development of Belize because it provides jobs, nevertheless tourism is seasonal, therefore it only provides jobs for certain season such a summer, Easter and Christmas.

The most important effect on its economy was an increase in the size of Greece’s workforce. Before the exchange, Greece had a population of approximately 4.5 million people. During the exchange, Greece received about 1.2 million people from Turkey, causing a population increase of about 25% after the first two years. This was beneficial for Greece because the influx of workers increased the production of goods, thereby resulting in growth of the country’s economy. Besides the fact that Greek industry now had the advantage of more workers to support the economy, many of the refugees also brought new skills to Greece.

Source: Internet. The informality of the labour market and the volatility of global tourism chains contribute to foster the dependency and vulnerability instead of producing development (Madeley, 2001). During the last 30 years, national governments of developing countries with high levels of biological diversity have been considering tourism as a panacea to improve social and economic development. Nevertheless, the effects of tourism in these territories seem to be more negative than positive (Madeley, 2001)

President Rafael Correa quadrupled the budget from US$40 million to the US$150 million per year which it currently is in 2017. Across the country over 30 touristic projects are in development, representing around US$1.6 billion in investments since 2013 from local and foreign funding. The public policy towards tourism is based on five core values: Safety, Quality, Destinations and Products, Connectivity and Promotion. Domestic financing has been the main aid in positive development but a substantial amount of foreign investment has contributed. The successful “Invest Ecuador Tourism” campaign helped immensely in attracting investment from abroad.

IDENTIFY AND RESEARCH A TOURISM ATTRACTION Introduction Tourism has experienced continued growth and extensive ‎diversification and competition on the last decades, becoming one of the fastest growing economic sectors in the world and by consequence, one of the main income ‎sources for many developing countries. “Every time we travel we are part of a global movement that has the power to drive inclusive development, to create jobs and to build the sustainable societies we want for our future,” says the actual UNWTO¹ Secretary General, Taleb Rifai. “This movement also contributes to build mutual understanding and to safeguard our shared natural and cultural heritage,” he completes. A sustainable and responsible approach to tourism means that neither the natural environment nor the socio-cultural organisation of the host communities would be compromised by the arrival of tourists.

During this time period, real per capita product in the United Stated more than doubled and real Gross Domestic Product multiplied by over 7 times (Lamoreaux, 2010). The higher growth rates of total relative to per capita Gross Domestic Product indicate that the economy grew more by adding new inputs than it actually did through increasing productivity. The fast growing markets of the United States provided new opportunities for profits that entrepreneurs responded to. For instance, Andrew Carnegie responded to the opportunities and created Carnegie Steel and he

As reported by Patrice Hill (2014), economists believe that increasing immigration equals to a steady development in the economy. Immigration plays a crucial role and has positive impacts on the United States economy, especially in the twentieth century. Raising the labors’ demand, filling the growing gaps in the labor force, and increasing the native-born wages are some benefits a host country could gain from

Nejatbakhsh (2014) states new generations significantly accelerate the cosmopolitanism, especially from a broad perspective. Another interesting point is that the younger generation‘s cosmopolitanism seems to be connected to the economic opportunities that provide jobs at a more global arena for them than as it was for the previous generations at their youth. More specifically, a person who live person grows up at a time of a more intensified globalization, he or she might think of more 50 global life-path alternatives and would develop more cosmopolitan skills, whether mental, behavioral, social, or professional. Therefore, the social life, the cosmopolitan attitudes are extremely diverse. In addition, cosmopolitanism manifests in cosmopolitan cities with millions of world citizens.

Economic development plans such as the Marshall plan, introduced a principle of trade, which included global trading actions, benefiting all participants. Over the course of the next decades the world traded more and more frequently, Economic partnerships such as the European Coal and Steel Community are one of the few results of this increased trade. This process had been great and countries such as Germany have been very successful in this new network of global flows. The 21st century has eclipsed this progress by far. The flow of goods, services and finance was 36 percent of the global GDP in 2012, or in figures $26 trillion, 50% more than in 1990.

In 2001, China was formed into BRIC with other three countries as one of most powerful emerging market country in the world, the utility of being one of the most powerful emerging countries simulates foreign investment in manufacturing industries, as it offers greater business opportunities for entrepreneurs to dive into the