The gap between the rich and the poor was larger than ever, and homelessness was on the rise as cities became extremely dense and overpopulated. Britain didn’t want this surplus population to go to waste, so the colonization of Africa was a good excuse to export these people so that they could help in taking over Africa. Overall, the reason for Britain’s colonization campaign for Africa was to show superiority to other nations, for natural recourses, and oversight on African trades. It’s clear that they were driven by economic and strategic
One of the first kingdoms to be developed near the Southeast of Africa was the Ghana kingdom.The Ghana kingdom lasted from approximately 750-10176. The kingdom was developed through a huge change in the economy near the South which conducted more centralized states to be established. Camels helped slowly bring about a change in trade bring able to send things like gold,salt,and ivory to the east and north in North Africa,Europe, as well as the Middle East,who traded manufactured goods. The Ghana empire possessed lots of it wealth to trans-Saharan trade and the location by the salt and gold mines. Gold and salt were highly requested resources of income,that were traded for things like cloth,textiles,and other products,Koumbi Saleh was the main trade center.
Tourism in India has considerable potential because of the rich cultural and historical heritage, diversity in ecology, terrains and places of natural beauty spread across the country. Tourism has also emerged as a large employment generating sector in addition to being a significant basis of foreign exchange inflows for the nation. Market Size With the rising middle-class in India, the disposable income of the population has increased which has continued to support the growth of domestic and foreign tourism. As per the Ministry of Tourism, Domestic Tourist Visits to the States and Union Territories within India rose by 15.5% year-on-year to INR 1.65 billion during 2016. The top 10 States and Union Territories contributed about 84.2% to the total number of Domestic Tourist Visits.
Due to this, Nigeria was able to trade a lot of goods quickly and efficiently. If it was not for the train tracks and roads, the agricultural industry would not have developed so quickly. Transportation has directly affected the development, and one of the largest industries in one of the economically ever growing region today. The railroads and roads made it more convenient getting in and out of the region. Before the Europeans colonised Nigeria, it was extremely hard and inconvenient to visit.
The diamond trade also causes major economical impacts in these areas. Some of the effects and impacts are positive, minor and indirect although they can also be negative, major and direct. The diamond industry has major economic benefits in war torn countries such as Sierra Leone. Sierra Leone is located in western Africa in both the Northern and Western hemispheres. Sierra Leone reaps major economic benefits due to diamond mining.
The industry is anticipated to grow tremendously in the future. This anticipated growth is not only due to the anticipated economic growth of the country in the future, but also due to a growth in population. Some manufacturers and exporters of affordable good quality consumer products have began looking to Africa as part of their business
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 is often referred to as a ‘multi-product industry that encompasses a number of different economic activities’ (Wall& Mathieson, 2006). The rapid development of the world economy in the past two decades alongside with global integration and globalization has led to a significant increase in the number of tourists travelling abroad for leisure and entertainment. According to the United Nations World Tourism Organization (UNWTO), the number of tourist arrivals reached an astonishing figure of 1.1 billion visits in 2014. Currently, tourism is one of the fastest growing and dynamic sectors of the world economy accounting for nearly 1.5 trillion US Dollars in receipts and exports accounting as one of the top 5 export earning sectors of the
Demand for international tourism followed the positive trend of previous years, with many destinations reporting sound results, while a few faced security incidents. Some redirection of tourism flows was observed, though most destinations shared in the overall growth due to stronger travel demand, increased connectivity and more affordable air transport. By Table 1, UNWTO (2017) region, Asia and the Pacific led growth in 2016 with a 9% increase in international arrivals, followed by Africa (+8%) and the Americas (+3%). The world’s most visited region, Europe (+2%) showed mixed results, while available data for the Middle East (-4%) points to a decline in
International trade has brought massive gains to a number of countries around the world. It has helped spread technology, enhanced competitiveness, raised productivity, and gave consumers with a number of choices. These potential gains from trade have motivated countries to aggressively negotiate for trade relations and explore new trade opportunities. For instance, a study which was carried out by World Trade Organization (WTO) (2008), for the period 1950-2007 shows that export increased by 2.7 percent faster than gross domestic product (GDP). Obviously, regional economic integrations played a vital role in promoting world trade in terms of both quantity and quality of goods and services traded.