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Thursday, March 28, 2019

Economic Repercussions of Tourism in the Caribbean Essay -- Economics

Economic Repercussions of touristry in the CaribbeanThe touristry industry is one of the largest contributors to the worldGDP. It employs millions worldwide and provides a livelihood fornations and individuals alike. Focussing on a more(prenominal) specific economic system -the economy of the Caribbean - a similar picture emerges. Much of thepopulation has ensnare employment in industries directly related totourism and many an(prenominal) more shake up done so in industries indirectly related totourism. Albeit, at that place lurks a reality that defies this rosy illusion.The adverse effects of tourism on the economy are many andsignificant. In the long run, few go past advantages are visible. Forcountries of the Caribbean, that support their total national revenuefigures primarily with tourism dollars, many challenges confront them.Commercialization of the local culture is probably the nigh visiblechange imposed by tourism. In an attempt to ply to the needs of thetourist c ulture, higher priority has been awarded to the capitalisticpursuits of wealth. All in exchange for age-old customs rich inheritage and traditions, they have replaced liquid assets for one thatmade the locals unique among all others in the world, their identity.supporting Americanized methods have rendered many of these ways oflife obsolete. Tradition with regards to clothing styles, food, music,religion, and many other customs have begun to disappear from thelives of the people, all in the rice beer of the economy.There is no economy in the world that can drive to be immune from theoccurrences of the pictorial elements. Droughts, floods, storms any manyother natural disasters constitute as only one factor that incur expectant blows on the economies. The shock m... ...Asia, enjoys tremendousnewly attained prosperity, and possesses a capitol that is regarded asan urban financial hub of the highest caliber. The tourist sector hasdeveloped as a result, especially business tourism. But these touristsdo not come to name advantage of the weather and natural sites ratherthey come to admire the accomplishments of the Malay. This tourismacts as a simple boost to the economy, not a lifeline. Changes in thevolatile market of tourism will not adversely impact the country. TheCaribbean nations should take example of the success of the Asians intransforming their countries into booming developing countries fromtheir pauperism stricken and technologically impaired plight onlydecades ago. Domestically own corporations and far greater emphasison technological and other industrial fields is vital to theirsuccessful future.

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